East Randolph Street – Call Kristine 312-933-1894

Observations and insights into real estate happenings along E. Randolph St. in downtown Chicago

East Randolph Street, Chicago

Showing of the 4 bedrooms foreclosure at the 400 E Randolph

July 14th, 2010 · No Comments · Uncategorized

I had a showing of the 4 bedrooms foreclosure at the 400 E Randolph, this is two two bedrooms units combined, the square feet is large around 2,400 square feet. There is no kitchens, bathrooms need work. The floor needs work too, so we were thinking maybe minimum around $50 – $75K for remodeling of this unit, the listing price is around $399,000, normally they would give an incentive for the kitchen and bathrooms, I see about 3.5% of the purchase price, so I would think for an offer of $350K might be able to get it. Then even you spend $100K, it is still a very nice unit, however, you need to find the right people to do the remodeling job.

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