Michael Applegate

If you're looking to add to your investment portfolio, this is your chance! This property comes equipped with 3 generously sized bedrooms and 1.5 bathrooms. The dining room, kitchen, and bedrooms all have recently updated flooring. The bathrooms and kitchen have also been recently updated, with granite countertops in the kitchen. The spacious kitchen also has a large pantry, which is great for storage! The property comes with a 2 car garage, so parking won't be an issue. If you're an investor, you can start generating income immediately, because his property is currently leased at $1,318 per month. Book your showing today to view your new property!

RECENTLY REHABBED 4 BED / 2 BA HOME IN ENGLEWOOD! THIS IS A HUGE HOME WHICH WILL NOT DISAPPOINT. THE MAIN FLOOR BOASTS A SPACIOUS LIVING ROOM WITH A FAUX FIREPLACE, AND A SEPARATE DINING ROOM. THERE IS ONE BEDROOM ON THE MAIN LEVEL AS WELL AS THE LARGE EAT IN KITCHEN AND A FULL BATHROOM. THE SECOND LEVEL BOASTS FAMILY ROOM AND 3 LARGE BEDROOMS WITH A MASTER SUITE COMPLETE WITH A BALCONY. THERE IS PARKING IN THE REAR AND A LARGE PORCH FOR ENJOYMENT. DARK HARDWOOD FLOORING THROUGHOUT THE UNIT AND WASHER AND DRYER HOOKUP IN THE BASEMENT. PROPERTY NEEDS SOME WORK, BUT HAS AWESOME POTENTIAL! PROPERTY IS BEING SOLD AS-IS. PROPERTY WILL NOT PASS FHA.

Unmatched Investment Opportunity: 3-Bed/2-Bath Condo in South Shore - Cash Investors Take Note! + $5,000 seller concession! Welcome to 8000 S Phillips Ave Unit 2N, Chicago, IL 60617-a premier investment in the rapidly appreciating South Shore neighborhood. This expansive 3-bedroom, 2-bathroom condo spans approximately 1,700 sq ft, offering a bright, open layout with high ceilings and gleaming hardwood floors, making it a perfect candidate for immediate cash flow. Currently tenant-occupied at $1,300/month and is current, this property is a turnkey opportunity for savvy investors. The condo features a spacious master suite, two modern bathrooms, a sunlit living and dining area, and a kitchen outfitted with stainless steel appliances and granite countertops. In addition, the owners are proactively installing a new central air condenser, ensuring the AC remains in peak condition for years to come-an added value for any future owner. Now, let's address the financial details that make this property a standout for the right buyer: The homeowners' association (HOA) has extremely limited reserves, with uncertainties surrounding the actual reserve balance. The 2024 budget indicates a $4,000 reserve, yet conflicting documents reveal an undated figure of -10,000, raising questions about a potential negative balance. The final figures for the reserves remain unclear. Additionally, the HOA appears to be inactive and not in good standing with the Secretary of State, meaning this is strictly an all-cash transaction. Moreover, the 2024 annual meeting minutes suggest a $21,000 garage repair is on the horizon, likely requiring a special assessment. Whether this cost will be spread among all condo owners or only those with garage units remains unclear, making this an opportunity for investors with the financial capacity to manage potential future expenses. Despite these uncertainties, this condo is priced well below market value, presenting an incredible opportunity for significant appreciation. Positioned minutes from Lake Michigan, the soon-to-be-completed Obama Presidential Library, and a host of local amenities, this property is primed for growth. With minor upgrades, the rental potential could easily rise to $1,600/month, driving even more impressive returns. For the seasoned investor who can see the potential beyond the surface, this is a rare and lucrative opportunity. The property is sold as is, where is, making this a straightforward transaction for those ready to capitalize on the untapped potential. Seller also will be providing a $5000 concession to an end buyer

Beautiful 6bd/2ba Now Available in Fernwood! - Awesome 6 bed/2ba house available on quiet block! Large rooms 4 bedrooms upstairs, 2 on main level Living/dining room Hardwood floors Bathrooms on 1st and 2nd floor New kitchen and bath Vouchers welcomed to apply! Text to schedule a showing today!! 773-800-1583

Great opportunity for the new or seasoned investor to acquire this 6-unit income-generating property. This property offers solid cash flow, has upward potential of 14% cap rate, and an upward potential of cash on cash return of 32%. The property has a new back porch (1-year old). The adjacent parking lot with separate PIN, 5 parking spaces, and a 2.5-car garage can generate additional income. Professionally managed. Being sold as-is. Four of the 6 units are currently leased. Perfect for the owner-occupant situation! Showings by appointment only. The property won't last long, schedule a showing today! Show more

Welcome to your next investment opportunity at 7627 S Coles Ave, located in Chicago's vibrant South Shore neighborhood. This multi-family residence presents a smart buy for those looking to expand their portfolio. Featuring a 3-bedroom and a 2-bedroom unit, each with a full bathroom, and a basement primed for conversion into a third income-generating unit, this property melds comfort with potential. Each unit in this 2-flat has been thoughtfully updated to include modern kitchens with granite countertops, sleek bathrooms, and reliable plumbing and heating systems, ensuring a move-in-ready experience. Not only does this property offer strong rental appeal due to its updated condition and potential for additional income, but it also boasts an enviable location. Just a short stroll from the serene Rainbow Beach, residents can enjoy easy access to one of the area's most beautiful natural assets. Additionally, the property is mere minutes from the cultural delights of the South Shore Cultural Center and the scenic Lakeshore Drive, with downtown Chicago only 15 minutes away. Explore the possibilities of becoming a part of this neighborhood and see this property's potential for yourself. This is a chance to make a smart move in your real estate journey. Lot size is 50x200.

PIP Realty Group presents another great move-in ready single family home. Timeless and Subtle in design, Freshly painted in designer colors, modern kitchen and updated bath with ceramic tile flooring and surround. Tenants are responsible for electricity, gas, lawn care and snow removal. Total net monthly income (after taxes) needs to be 3X the rent amount) Minimum one-year lease, no pets.

HOT PROPERTY IN HISTORIC BRONZEVILLE! CORPORATE-OWNED GARDEN LEVEL 2 BEDROOM + DEN CONDO REQUIRES MINOR REPAIRS. PREVIOUSLY RENOVATED W/ HARDWOOD FLOORS, CUSTOM WINDOWS, GRANITE COUNTERTOPS, AN OAK AND MARBLE FIREPLACE, AND CUSTOM KITCHEN CABINETS; RECENTLY TUCKPOINTED EXTERIOR. BUYER RESPONSIBLE FOR ANY INSPECTIONS, COMPLIANCES, & ESCROWS, AS NEEDED. TAXES PRORATED 100%; SOLD AS-IS NO REPAIRS.

Michael Applegate

About Michael Applegate

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Recent property sales & transaction history

8 properties

Chicago

Family Home, Condo

$100,000 to $150,000

1,100 ft² to 1,800 ft²

Properties for sale by listing agent Michael Applegate

$124,900

$129,900

$449,900

$114,900

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Michael Applegate

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