2953 N Hamlin Ave, Chicago, IL: 4-bedroom, 2-bath for sale, listing photoListing photo
Investment Opportunity · Hard Money Financing

2953 N Hamlin AveChicago, Illinois

Chicago, IL 60618 · MLS 12765222

List price
$350,000
4 bd / 2 ba
Bedrooms / baths
1,744 sq ft
Living area

"Cash or hard money financing only."

Listed by Jenny Park Baird & Warner (630) 204-0197

2953 N Hamlin Ave is a 4-bedroom, 2-bath home in Chicago, Illinois listed at $350,000 with 1,744 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 ($35,000), we fund the $78,480 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. Multiple Offers Received, Highest and Best by Fri. 9/25 by 5PM. First time on the market! Rare opportunity to own a 2-flat in the heart of sought-after Avondale. Owner-occupied since day one, never used as a rental, and now available for the very first time. Each unit features 2 bedrooms and 1 bath, with the 1st floor unit at approximately 1,000 sq ft and the 2nd floor unit at approximately 900 sq ft. plus an additional 200 sqft of attic space. Ideal for investors, builders, and rehabbers looking to add value in one of Chicago's hottest neighborhoods. Newer roof and vinyl siding (less than 10 years old) mean the big-ticket exterior work is already done - bring your vision and your contractor. Property is being sold as-is and is not habitable. With strong rental demand and continued development in Avondale, this is your chance to get in at the right price. Cash or hard money financing only. Seller makes no representations. Don't miss it! Home is vacant.

01 - Price This Property

Hard money financing on 2953 N Hamlin 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 $350,000
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 $45 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$35,000 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 $45,292
Loan at closing $315,000
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

2953 N Hamlin Ave priced at the list price.

ItemFix and flip: 10% down
At closing
Qualifies as enteredYes
Buyer down payment$35,000 (10%)
Loan at closing$315,000
Cosmetic renovation, rough estimate*We fund $78,480
Total loan$393,480
Rate, interest onlyfrom 9.75%
Points1.5 ($5,902)
AppraisalRequired
Estimated monthly interest$3,197 at full draw
Cash to close, rough estimate$45,292

Rough estimates at the list price of $350,000 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 $45 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 Jenny Park, Baird & Warner ((630) 204-0197). To see it or make an offer, contact Jenny 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.

More hard money deals in Chicago All Illinois opportunities Hard money lender in Illinois Fix and flip loans Every live opportunity

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