- List Price $160,000
- Price / Unit $160,000
- Property Type Other
- Units 1
- Current Rents –
- Pro Forma Rents $31,200
- In Place NOI –
- Projected NOI $22,309
- Target CAP Rate 9%
- Market CAP Rate N/A
- Today's Market Value $160,000
- Value w/Market Rents $310,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
- 4
- 2
- 1613
- 1964
- 0%
- 2
- 1
- Forced Air
- Central Air
- In Unit, Free
4
2
1613
- 1964
- 0%
- 4
- 1
- Forced Air
- Forced Air
- In Unit, Free
About the property
Located in the investor-friendly municipality of South Holland, this property offers an excellent fix-and-flip opportunity for savvy investors. The home requires key updates, including a new roof, replacement windows, and a complete interior remodel.
Our firm has a proven track record in the neighborhood, having successfully renovated and sold multiple properties for over $300,000. This property is well-positioned to follow that trend, making it an ideal candidate for investors looking to maximize value in a desirable area.
Don’t miss out on this chance to capitalize on a profitable investment.
About the neighbourhood
- South Holland, IL, is a highly attractive destination for residential investors due to its investor-friendly policies, stable community, and strong demand for housing. Known for its well-maintained neighborhoods and accessible location near major transportation routes, the area appeals to both families and professionals. With a proactive municipality that supports redevelopment and a growing interest in updated, move-in-ready homes, South Holland provides excellent opportunities for fix-and-flip projects and rental investments. The area's steady property values and increasing market demand make it a solid choice for maximizing returns.
Municipality - Investor Guide
South Holland
| Transfer Stamps | Pre Sale Inspection | Yearly Rental Inspection | |
|---|---|---|---|
| Buyer: N/A | Cost: - | Required: No | Required: Yes |
| Seller: N/A | Cost: - | Cost: $0 | Cost: Varies |
For a list of all Municipality requirements visit our Municipality Requirements Page
Property Documents
Property Financials
View current and future return metrics based on customizable inputs. "Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.
Property Current
This column shows the current financial state of the subject property. Some of these inputs may be estimations.
Year 2 Pro Forma
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Debt Service
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Mortgage Calculator
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- Monthly Mortgage Payment
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Utility Table
*This Utility Table does not include snow removal or lawn care costs, if any. For more details on snow/lawn expenses, see the "Expenses" attachment located under the "Property Documents" section.
Property Taxes
| 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|
| Tax Amount | $3,253.90 | $5,916.18 | $5,701.73 | $5,825.29 |
| YOY Tax Change ($) | -$2,662.28 | +$214.45 | -$123.56 | +$266.78 |
| YOY Tax Change (%) | -45.00% | +3.76% | -2.12% | +4.80% |
| Current Assessed Value | $21,000 | Source - Public Record For more information on assessments, property taxes, and tax appeals visit: Property Taxes | Assessed - Land | $3,960 | Assessed - Improved | $17,040 |
For more information on assessments, property taxes, and tax appeals visit: Property Taxes
Walkscore
Nearby
- Arts & Entertainment
-
Van Drunen Lawrence J CPA (0.33 mi)
-
Ooms Kenneth E CPA (0.33 mi)
-
Dreyer Ooms & Van Drunen (0.33 mi)
- Education
-
MacArthur School Early Childhood (0.16 mi)
-
Thornton Township High School District 205 (0.22 mi)
-
Thornwood High School (0.26 mi)
- Food
-
Mr Submarine (0.39 mi)
-
Now That's Cooking (0.59 mi)
-
Bernies Baker (0.59 mi)
- Health & Medical
-
Pretty Face Esthetics (0.28 mi)
-
The Smile Boutique (0.28 mi)
-
Zoeteman Michelle DDS (0.28 mi)
Contact Information
- List Price $160,000
- Property Type Other
- Current Rents –
- In Place NOI –
- Target CAP Rate 9%
- Today's Market Value $160,000
- Price / Unit $160,000
- Units 1
- Pro Forma Rents $31,200
- Projected NOI $22,309
- Market CAP Rate N/A
- Value w/Market Rents $310,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
