2814 140th Pl, Blue Island IL 60406

2814 140th Pl, Blue Island, IL 60406

Singlefamily: 3 bedrooms , 3 bathrooms

Year built: 2004, Size: 2332 SF

Investment strategy: Fix and Flip

Purchase Price$ 211,684

Rehab Estimate$ 45,000

Project Profit$ 40,812

After Repair Value$ 320,000

Investment Summary

After Repair Value	$ 320,000
Calculated Project Profit	$ 40,812
70% Rule 70% Rule Widely accepted ratio among rehabbers used as a barometer for purchasing a rehab property: Purchase price with repair costs should not exceed 70% of ARV. 70% Rule Widely accepted ratio among rehabbers used as a barometer for purchasing a rehab property: Purchase price with repair costs should not exceed 70% of ARV.	80.21 %
Return on Investment	15.43 %
Project Term	4 months

Financial Breakdown

Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 264,488
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 264,488

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 211,684
Buying Costs	$ 4,000
Total	$ 215,684

Repair Costs
Repair Costs Lump Sum	$ 45,000
Total	$ 45,000

Holding Costs
Monthly Holding Costs	$ 951
Total Months Held	4
Total	$ 3,804

Selling Costs
Commissions (3.5%)	$ 11,200
Selling Costs	$ 3,500
Total	$ 14,700

Almost perfect! This newer home, built in 2004 has a lot of great features. There is a nice rec room with gas fireplace, convenient kitchen with loads of storage and counter space, and a separate dining area. There is a great deck, large and inviting, a good sized yard and an inviting front entryway with room for some chairs. The bedrooms are good sized and sunny. If you are looking for city living with a country feel, this one is for you! See Lead paint disclosure, property owned by HUD, insurability is IE, subject to appraisal, HUD homes are sold as is, and equal housing opportunity. HUD makes no representations or warranties as to the condition of the property

Purchase Price	$ 211,684
Address	2814 140th Pl , Blue Island, 60406, IL
MLS^® #	12209504
Listing Agent	BARBARA THOUVENELL
Year Built	2004
Type	Singlefamily
Size	2332 SF
Bedrooms	3
Bathrooms	3

Property History

Date	Price	Event
2/11/2025	250200	Price Changed
12/11/2024	275000	Listed
5/26/2003	188000	Sold

Financial Breakdown

Purchase Price	$ 211,684
Purchase Costs	$ 4,000
Repair Costs	$ 45,000
Holding Costs	$ 3,804
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 264,488
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 264,488
Cash at Closing Cash at Closing This number includes down payment and loan points. Cash at Closing This number includes down payment and loan points.	$ 0
Cash During Flip Cash During Flip Shows the cash amount remaining to fund the Flip. Cash During Flip Shows the cash amount remaining to fund the Flip.	$ 264,488

Project Returns

Gross Rehab Profit	$ 40,812
Return on Investment	15.43 %
Annualized ROI	46.29 %
Internal Rate of Return	58.84 %

Timeline Assumptions

Rehab Period	2 months
Listing Period	2 months
Total Holding Period	4 months

There is no financing selected in this deal.

This charts shows the influence of leverage on Return on Investment (ROI). Purchase price is considered as the Value in the LTV ratio here. The calculation considers all buying, holding, repair and selling costs, purchase price, ARV and an interest-only loan with rate of 12.00% p.a.

Month	0	1	2	3	4
Purchase/Sale	$ -211,684				$ 320,000
Closing Costs	$ 4,000				$ -14,700
Holding Costs		$ -951	$ -951	$ -951	$ -951
Rehab Draws		$ -22,500	$ -22,500
Cash Flow	$ -215,684	$ -23,451	$ -23,451	$ -951	$ 304,349

Sale Proceeds Breakdown

After Repair Value	$ 320,000
Cost of Sale Cost of Sale This includes agent commission and costs such as marketing, home warranty, attorney charges, title/escrow fees and other. Cost of Sale This includes agent commission and costs such as marketing, home warranty, attorney charges, title/escrow fees and other.	$ 14,700
Repair Costs	$ 45,000
Holding Costs (4 months) Holding Costs This includes costs such as utilities, maintenance, insurance, HOA dues, but loan interest is not included. Holding Costs This includes costs such as utilities, maintenance, insurance, HOA dues, but loan interest is not included.	$ 3,804
Financing Costs Financing This amount sums interest paid on any loans and capital partner funds plus loan points and costs. Financing This amount sums interest paid on any loans and capital partner funds plus loan points and costs.	$ 0
Purchase Purchase incl. Costs Sums up the purchase price and all associated closing costs, such as title/escrow fees, attorney fees, inspections, appraisal etc. Purchase incl. Costs Sums up the purchase price and all associated closing costs, such as title/escrow fees, attorney fees, inspections, appraisal etc.	$ 215,684
Net Rehab Profit	$ 40,812

Property Report :

2814 140th Pl, Blue Island, IL 60406

Executive Summary