About Me

Mahonie Investment Group is a full service real estate firm that provides investment properties for buyer’s. Our services consist of buying and selling of distress properties. We also specialize in short-sales and lease option purchase. With our buying system we make it easy for seller’s to sale. We will provide our seller’s with a offer in 48 hour after receiving seller’s information. For our buyer’s there will be deep discounted properties for sale daily on this blog. Short-Sales and lease option purchases are areas that we take pride in. With our short-sale services we work hand and hand with potential clients lenders to come up with a win-win solution. Lease options, we work with problem credit individual to achieve the American dream of home ownership. Information regarding our short-sale services and lease option purchase please contact us at our office number 708-269-7263

Saturday, July 25, 2009

1419 S Komensky Ave Chicago, IL




1419 S Komensky Ave
Chicago, IL
2 Unit Brick
Asking: 86k
Arv: $170k
Deal!!!

5 Beds 2 baths with an attic that can be converted into a unit: possible 2 beds 1 bath. Repairs are minor 5k-10k cosmetics. 1st floor 2 beds 1 bath 2nd floor 3 beds 1bath.

Average Rents 800 first floor 850 2nd floor
$86,000 @ 30year, 6.25%= 526.80 (Not including taxes & Insu..)

1650-526.80= 1,123.20 monthly cash flow
Factor in Taxes & Insurance @ extra 200 = 923.20 positive cash flow

Sunday, May 10, 2009

Southside Deal!!! Call Phil!!!



Asking $45,000 + $30,000(REPAIR COST) = $75,000 TOTAL INVESTMENT
$75,000 @ 6.25% 30YR MTGE = $459.40/ Taxes & Insurance= $659.40
$2,500.00 - $659.40 = $1,840.60 Positive Cash Flow


Great deal in the englewood area with lots of equity to play with. This brick 2 unit has 5 beds 2 baths with basement that can be converted a extra unit. 1st floor has 2 beds 1 bath, 2nd floor has 3 beds 1 bath. Great for section 8, this building can bring in 2500 in rents. 900 for the first floor, 950 for the 2nd floor and 650 for the basement unit (If converted). Asking is 45k Arv is $190k to $200k

Saturday, March 21, 2009

Wholesale Turnkey Deals & Rehab Deals



Investors if you're looking for great deals here in Chicago and surrounding suburbs call Phil. No matter where the location I will go and hunt down whatever you're looking for. Please don't wait put in a order and I'll go get it. Call Philip Mahonie @ 708-269-7263

3232 W Fulton Chicago, IL





Asking is $55,000 + $35,000 (REPAIR COST)= $90,000 TOTAL INVESTMENT
Average rents: 2nd Floor: 900.00. 1st Floor: 850.00. Bmst: 750.00 to 800.00
Total rents monthly: $2,500.00
$90,000 @ 6.25% on a 30 year Mtge: $551.30/ include taxes and Insurance $751.30
$2,500.00 - 751.30 = $1,748.70 Positive cashflow

This property needs about 35k to finish the job, 5 beds and 2 bath 2unit on Chicago's westside. 3Beds 1bath on the 2nd floor, 2Beds 1 bath on the 1st and potential unit in the basement with 2 beds 1bath. Asking Price $55k and After repair value is between $250k-$300. Call Phil For Details 708-269-7263

Beautiful Home on The City's Northside With 100k+ EQUITY





Complete rehabbed, 3 bed / 2 baths, harwood floor, granite counter top, new windows, new heating and AC, 100 amp electric box, unfinished half bsmt for storage, brick, no garage. Asking Price is $269,00 with an ARV of $490,000. 1449 N Maplewood Chicago, IL 60622

Tuesday, February 17, 2009

Southside Deal over 100,000 Equity

Philip Mahonie | E.P.T Investments | 708-269-7263


6048 S LaSalle, Chicago, IL
Great Deal with over 150,000 in EQUITY
6BR/2BA Multi-Family, 2 units
offered at $120,000
Year Built Unspecified
Sq Footage 2,112
Bedrooms 6
Bathrooms 2 full, 0 partial
Floors 2
Parking Unspecified
Lot Size 3,960 sqft
HOA/Maint $0 per month

DESCRIPTION

Great 2 unit building on Chicago Southside. This building was rehabbed last year, everything from inside out was redone to fit the needs of the tenants. The apprisal on this building is 340,000 and I am letting it go for a steal. 3 beds and 2 baths in each of the units. This is a deal for more information call Phil 708-269-7263


see additional photos below
PROPERTY FEATURES










Walk-in closetHardwood floorTile floor
Family roomLiving room

ADDITIONAL PHOTOS

Seller contact info:




Philip Mahonie
E.P.T Investments
708-269-7263
For sale by individual owner

Equal Opportunity Housing
Posted: Feb 16, 2009, 8:54am PST

Monday, January 19, 2009

YES WE BUY HOUSES!!!!!

Facing Foreclosure
Downsize
Inheritance
Financial Problems
Costly Repairs
Divorce
Problem with Tenants

We make cash offers, no matter the situation we will work with you. We also help homeowners stay in their homes, the calls are 100% confidential. Call today 708-269-7263