1st Private Capital
7230 S Wentworth Ave, Chicago, IL: 6-bedroom, 4-bath for sale, listing photoListing photo
Investment Opportunity · Hard Money Financing

7230 S Wentworth AveChicago, Illinois

Chicago, IL 60621 · MLS 12768313

List price
$179,900
6 bd / 4 ba
Bedrooms / baths
3,226 sq ft
Living area

"CASH OR HARD MONEY OFFERS ONLY - INVESTOR SPECIAL! 4-Unit Multifamily Value-Add Opportunity. Calling all investors, rehabbers, and experienced landlords! This 4-unit multifamily property is being offered AS-IS and presents an opportunity to renovate, reposition, and increase rental income. 1 unit currently vacant and available for showings, remaining 3 units are occupied. Buyers may submit offers contingent upon inspection of the occupied units. Property requires TLC and updating. Potential for significant renovation and value-add improvements. Convenient location near schools and within a desirable school district. New construction underway next door. Nearby 2-flat properties are selling in the high $400Ks, providing useful market context for investors evaluating the property's potential. Whether you're looking to renovate and hold, improve rents, or explore a redevelopment/new-construction strategy, this property is worth a closer look. Bring your contractor, run your numbers, and see what you can create with this property. Cash or hard money offers only. Property is being sold AS-IS."

Listed by Vivienne Rose Taylor Chicagoland Brokers Inc. (773) 895-3591

7230 S Wentworth Ave is a 6-bedroom, 4-bath home in Chicago, Illinois listed at $179,900 with 3,226 square feet. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with at least one completed project puts 10% down ($17,990), we fund the $354,860 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Illinois or our Illinois hard money lending page.

From the listing. CASH OR HARD MONEY OFFERS ONLY - INVESTOR SPECIAL! 4-Unit Multifamily Value-Add Opportunity. Calling all investors, rehabbers, and experienced landlords! This 4-unit multifamily property is being offered AS-IS and presents an opportunity to renovate, reposition, and increase rental income. 1 unit currently vacant and available for showings, remaining 3 units are occupied. Buyers may submit offers contingent upon inspection of the occupied units. Property requires TLC and updating. Potential for significant renovation and value-add improvements. Convenient location near schools and within a desirable school district. New construction underway next door. Nearby 2-flat properties are selling in the high $400Ks, providing useful market context for investors evaluating the property's potential. Whether you're looking to renovate and hold, improve rents, or explore a redevelopment/new-construction strategy, this property is worth a closer look. Bring your contractor, run your numbers, and see what you can create with this property. Cash or hard money offers only. Property is being sold AS-IS.

01 - Price This Property

Hard money financing on 7230 S Wentworth Ave: what you qualify for.

Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.

List price $179,900
State IL

Type a number, like 720. A ballpark is fine and nothing is pulled. Leave it empty if you have no score.

Flips, rentals bought and sold, or builds. Decides the down payment.

Our super rough estimate at $110 per sq ft. Put in your contractor's number if you have one.

The loan stays under 75% of it. Leave blank to size on the price alone.

  1. 1. Your score740Qualifies, high-score terms
  2. 2. Your experience1 to 2 projectsTier 2: 10% down
  3. 3. Down payment10% down$17,990 at closing
You qualifyAt a 740 score with 1 completed project, you qualify for 10% down on this property with the renovation funded.
Fix and flip, experienced

10% down

We fund 100% of the renovation. Closes in 2 weeks.

Cash to close, rough estimate $30,132
Loan at closing $161,910
Rate, interest only from 9.75%
  • A 740 or better score on a purchase under $750,000 gets the high-score terms: the loan can reach 90% of after-repair value instead of 75%.
  • Experience Tier 2 on 1 completed project in three years: 10% down, 100% of the renovation funded.
02 - The Numbers at Closing

7230 S Wentworth Ave priced at the list price.

ItemFix and flip: 10% down
At closing
Qualifies as enteredYes
Buyer down payment$17,990 (10%)
Loan at closing$161,910
Full renovation, rough estimate*We fund $354,860
Total loan$516,770
Rate, interest onlyfrom 9.75%
Points1.5 ($7,752)
AppraisalRequired
Estimated monthly interest$4,199 at full draw
Cash to close, rough estimate$30,132

Rough estimates at the list price of $179,900 for a 740 score and 1 completed project. This is not a commitment to lend.

*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $110 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.

We are the lender, not the listing agent. This property is listed by Vivienne Rose Taylor, Chicagoland Brokers Inc. ((773) 895-3591). To see it or make an offer, contact Vivienne directly, or work with your own buyer's agent. The numbers on this page are simply what our financing would look like on this property. Viewing them is not a commitment to borrow from us, and you are free to finance the purchase however you choose. We do not represent buyers or sellers.
Request the Term Sheet Call (323) 304-4978

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