Listing photoChicago, IL 60618 · MLS 12765222
"Cash or hard money financing only."
2953 N Hamlin Ave is a 4-bedroom, 2-bath home in Chicago, Illinois listed at $350,000 with 1,744 square feet, built in 1903. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with 1 to 2 completed projects and a 740 score puts 10% down ($35,000), we fund the $78,480 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. 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.
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.
| Item | Fix and flip: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| 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 only | from 9.75% | |
| Points | 1.5 ($5,902) | |
| Appraisal | Required | |
| 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.
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Get pre-qualified in one call and write your offer with the financing already lined up.
