3512 Woodworth Pl, Hazel Crest IL 60429

3512 Woodworth Pl, Hazel Crest, IL 60429

Singlefamily: 3 bedrooms , 2 bathrooms

Year built: 1962, Size: 1251 SF

Investment strategy: Fix and Flip

Purchase Price$ 189,570

Rehab Estimate$ 30,000

Project Profit$ 44,999

After Repair Value$ 285,000

Investment Summary

After Repair Value	$ 285,000
Calculated Project Profit	$ 44,999
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.	77.04 %
Return on Investment	19.86 %
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).	$ 226,526
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 226,526

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 189,570
Buying Costs	$ 4,000
Total	$ 193,570

Repair Costs
Repair Costs Lump Sum	$ 30,000
Total	$ 30,000

Holding Costs
Monthly Holding Costs	$ 739
Total Months Held	4
Total	$ 2,956

Selling Costs
Commissions (3.5%)	$ 9,975
Selling Costs	$ 3,500
Total	$ 13,475

This beautifully cared-for home features functional design, recently painted and is ready to impress. The thoughtfully designed living area offers a seamless flow from the dining room to the kitchen, creating a welcoming space for everyday living. Notable recent upgrades include a new HVAC system, complete with a hot water tank and AC condenser, as well as a spacious new deck perfect for outdoor entertaining. Additional improvements include updated flooring in the basement. Lovingly owned by the seller for over 20 years, this home boasts solid construction and endless potential for homeowners or savvy investors. The main level offers 3 bedrooms and 1 bathroom, while the expansive walkout basement includes a large family room, a full bathroom, a laundry room, ample storage, and an attached 2-car garage. The backyard is a true highlight, featuring a generous, well-maintained yard that connects the new deck to the basement's double doors-an ideal setup for barbecues and gatherings with family and friends. Situated in a desirable neighborhood, this property is conveniently located near schools, parks, shopping, dining, and public transportation, with easy access to I-80 and I-57-just 6 minutes away. Don't miss the opportunity to own this gem. Schedule your showing today!

Purchase Price	$ 189,570
Address	3512 Woodworth Pl , Hazel Crest, 60429, IL
MLS^® #	12272930
Listing Agent	Holly Wolack
Year Built	1962
Type	Singlefamily
Size	1251 SF
Bedrooms	3
Bathrooms	2

Property History

Date	Price	Event
1/18/2025		Listing removed
1/16/2025	190000	Listed
10/30/2024	225000	Relisted
10/27/2024		Listing removed
9/20/2024	225000	Listed
4/15/2024		Listing removed
10/20/2023	229000	Listed
4/25/2008	145000	Listing removed
10/26/2007	145000	Listed
1/9/2002	102000	Sold

Financial Breakdown

Purchase Price	$ 189,570
Purchase Costs	$ 4,000
Repair Costs	$ 30,000
Holding Costs	$ 2,956
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 226,526
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 226,526
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.	$ 226,526

Project Returns

Gross Rehab Profit	$ 44,999
Return on Investment	19.86 %
Annualized ROI	59.58 %
Internal Rate of Return	77.88 %

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	$ -189,570				$ 285,000
Closing Costs	$ 4,000				$ -13,475
Holding Costs		$ -739	$ -739	$ -739	$ -739
Rehab Draws		$ -15,000	$ -15,000
Cash Flow	$ -193,570	$ -15,739	$ -15,739	$ -739	$ 270,786

Sale Proceeds Breakdown

After Repair Value	$ 285,000
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.	$ 13,475
Repair Costs	$ 30,000
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.	$ 2,956
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.	$ 193,570
Net Rehab Profit	$ 44,999

Property Report :

3512 Woodworth Pl, Hazel Crest, IL 60429

Executive Summary