Investor Special in Garfield Park - Multi-Unit w/ Major Upside

🔥 Off-Market 2-Unit + Bonus in West Garfield Park 🔥
📍 4XXX W Wilcox St, Chicago, IL 60624

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🏠 PROPERTY DETAILS

• Type: 2-Unit Building (Potential 3 Units)
• Beds/Baths: 7 Bedrooms / 2 Bathrooms
• Building Size: 2,630 SqFt
• Lot Size: 3,050 SqFt
• Year Built: 1898
• Utilities: 3 Separate Meters
• Title: Free & Clear at Closing

💰 Asking Price: $214,900
💵 Earnest Money Deposit: $2,500 (Payable to Title Company)
Terms: Cash or Hard Money Only

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⚖️ LEGAL / TITLE DISCLOSURES

1. TITLE:

• $70,000 in fines and liens will be paid off by the seller at closing
  

2. INJUNCTION (Lead-Based Paint):

• Permanent lead injunction is in place
• Injunction report available

3. LEAD TEST (May 2025):

• All drywall has been replaced
• Lead only found in window trim, baseboards, and closet wood
• Estimated rehab cost to replace affected wood: $3,000
• Lead test report available

4. CASH BUYER NOTE:

• Most lenders won’t fund properties with existing injunctions
• Cash buyers strongly preferred

✅ PROCESS TO REMOVE INJUNCTION:

1. Buy the property
2. Replace all affected wood
3. Hire a certified lead tester ($350) to confirm no lead
4. Call village inspector for clearance
5. Use cleared report to remove injunction (approx. 2 weeks)
   👉 We can provide contact info for an injunction attorney ($1,500 fee)

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📊 MARKET SNAPSHOT (As of 04/11/2025)

🟠 Estimates

• Redfin Estimate: $240,524

🔹 As-Is Comps:

• 3826 W Gladys Ave – $249,900 (Heavy Rehab Needed)
• 4328 W Wilcox St – Sold $225,000 (01/31/2025)

🔸 Renovated Comps:

• 4426 W Washington Blvd – Sold $610,000 (12/19/2024)
• 4241 W Jackson Blvd – Sold $425,000 (03/12/2025)

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🚀 INVESTOR HIGHLIGHTS

✅ Built-In Equity – Priced at $214,900 with nearby as-is sales up to $249K
✅ Rental Potential – 3 meters + potential 3rd unit = strong cash flow
✅ Massive ARV Spread – $425K–$610K comps after renovation
✅ Clear Legal Path – Title clean at close, lead issue resolvable with clear plan

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📲 CALL / TEXT NOW → (630) 294-2714
This is a rare chance to grab equity + cash flow + ARV spread all in one deal.
Serious investors only – reach out before it’s gone.