Hashtag Realty Single Family Residence Case Study. Cost: $130,000 | Sold: $205,000 | Profit: 75,000 | Project Time: 60 Days

1. #REALTYCase Study: 9350 S. Throop St. Chicago, IL 60699
Mission:
Use cash to purchase REO property under market value, renovate, secure renter,sell to buyers at
a profit.
Building Description:
9350 S. Throop is a brick single family residence on a double lot on Chicago’s South side.
Building Acquisition:
The building was purchased at auction for $55,000 as is.
Building Rehabilitation and Rental:
Over the course of 2 months the property was completely rehabilitated at a cost of approximately
$75,000. The following describes the work done:
All new plumbing, electrical, floors, windows, roof, etc.
The property is being listed for $260,000
Simple Financials: Property cost: $55,000 | Rehab cost $75,000 | Total cost: 130,000 |
Appraised value: $260,000
Profit: $130,000 in 2 months