3722 W Sunnyside Ave, Chicago, IL.
Bank owned property picked up by an investor in late 2011 and resold in July 2012. A nine month hold time between purchase and resell can kill a profit margin but looks like this group had a healthy gross profit margin to work with. Similar properties (pre-rehab) are currently selling for 10-30% more, only one year later. The finishes used for the rehab are perfect for this neighborhood. They also made great use of the outdoor space and oversized lot.
Purchased for $122,000 in October 2011 (4 beds / 2 baths).
Resold for $358,000 in July 2012 (4 beds / 2.1 baths).
Open floor plan. Energy rated mechanicals & appliances. New electric, plumbing, hardwood floors, kitchen, baths, windows, roof & more.