437 Granville Ave , Hillside, IL 60162: 437 Granville Ave, Hillside IL 60162

437 Granville Ave, Hillside, IL 60162

Singlefamily: 4 bedrooms , 1 bathroom

Year built: 1961, Size: 1437 SF

Investment strategy: Fix and Flip

Purchase Price$ 252,845

Rehab Estimate$ 57,000

Project Profit$ 60,266

After Repair Value$ 395,000

Investment Summary

After Repair Value	$ 395,000
Calculated Project Profit	$ 60,266
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.	78.44 %
Return on Investment	18.99 %
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).	$ 317,409
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 317,409

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 252,845
Buying Costs	$ 5,000
Total	$ 257,845

Repair Costs
Repair Costs Lump Sum	$ 57,000
Total	$ 57,000

Holding Costs
Monthly Holding Costs	$ 641
Total Months Held	4
Total	$ 2,564

Selling Costs
Commissions (3.5%)	$ 13,825
Selling Costs	$ 3,500
Total	$ 17,325

This spacious, all-brick 4-bedroom home has been lovingly maintained by the same family for many years. With plenty of room to grow, it offers generous storage, a convenient laundry area, a fully finished basement, and an oversized garage. The large, fenced-in yard is perfect for outdoor enjoyment. Ideally located near public transportation and major expressways, this home combines both comfort and convenience. Well cared for over the years, the property will be sold as-is, with some contents included. Don't miss this amazing opportunity!

Purchase Price	$ 252,845
Address	437 Granville Ave , Hillside, 60162, IL
MLS^® #	12183314
Listing Agent	Gustavo Mendoza
Year Built	1961
Type	Singlefamily
Size	1437 SF
Bedrooms	4
Bathrooms	1

Property History

Date	Price	Change	Event
10/15/2024	250000		Listed
9/15/1987	67000		Sold

Financial Breakdown

Purchase Price	$ 252,845
Purchase Costs	$ 5,000
Repair Costs	$ 57,000
Holding Costs	$ 2,564
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 317,409
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 317,409
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.	$ 317,409

Project Returns

Gross Rehab Profit	$ 60,266
Return on Investment	18.99 %
Annualized ROI	56.97 %
Internal Rate of Return	75.20 %

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	$ -252,845				$ 395,000
Closing Costs	$ 5,000				$ -17,325
Holding Costs		$ -641	$ -641	$ -641	$ -641
Rehab Draws		$ -28,500	$ -28,500
Cash Flow	$ -257,845	$ -29,141	$ -29,141	$ -641	$ 377,034

Sale Proceeds Breakdown

After Repair Value	$ 395,000
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.	$ 17,325
Repair Costs	$ 57,000
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.	$ 2,564
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.	$ 257,845
Net Rehab Profit	$ 60,266

Property Report: 437 Granville Ave , Hillside, IL 60162 FIX & FLIP

Property Report :

437 Granville Ave , Hillside, IL 60162

437 Granville Ave, Hillside, IL 60162

Executive Summary