Will County, Channahon, IL 60410
2 bd1 ba1,273 sfBuilt 1860
Gross spread$115,000
Description
Solid frame SFR on a 13,015 sqft lot in Channahon (Will County) priced at a real spread. ARV sits at $275,000 with a light-rehab scope of $30K–$40K. That's a $115,000 gross spread before you swing a hammer — margin that gives you room to fix, hold, or wholesale again with confidence. DEAL SNAPSHOT Type: Single-Family Residence Beds/Baths: 2 bed / 1 full + 1 half Square Feet: 1,273 Lot Size: 13,015 sqft Year Built: 1860 (frame, vinyl siding) Buy-Now Price: $160,000 Bidding Opens: $160,000 ARV: $275,000 Rehab Estimate: $30,000–$40,000 Gross Spread: $115,000 (42% below ARV) INVESTMENT HIGHLIGHTS - $115K spread on a light-rehab scope — fast turn potential - Big 13,015 sqft lot — outdoor value and buyer appeal at resale - Major systems already handled: furnace 0-5 yrs, water heater 0-5 yrs, central A/C working - Full basement, dry, good condition — no moisture, no mold observed - Roof 11-20 yrs (asphalt shingle, Good) and vinyl siding in Good shape REHAB / CONDITION Light rehab. Cosmetic-forward scope: kitchen is original (20+ yrs, Fair), baths Fair, flooring is LVP/carpet Fair, updated vinyl windows in Fair shape. Firsthand walkthrough flagged knob & tube wiring present on a fuse panel — budget an electrical update into your numbers. All utilities on. Fridge and stove convey. Walls/ceilings Good. This is a finish-and-flip, not a gut. WHY THIS DEAL STANDS OUT You rarely get new mechanicals AND a 42% discount to ARV on the same file. The expensive, unsexy items — furnace, water heater, roof, foundation — are already in good shape. Your capital goes to the cosmetic work buyers actually pay for: kitchen, baths, flooring. Clean margin, defined scope, real seller with a real reason to close. DISPO NOTES / TERMS - Occupancy: Owner-occupied — appointment-only showings - Access: By appointment, coordinate through Tristin - Closing: Target close by 08/27/2026 — cash or hard money - Bidding opens at $160,000; strongest terms win Bring your best number and let's get you to the table. Call/text Tristin McCarthy to lock a walkthrough.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Seller
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