FIX AND FLIP LOAN
Chicago, IL
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The Numbers Behind the Flip*
Project Duration
November 2024 - August 2025
Loan Amount
$188,000
Purchase Price
$110,000
Construction Budget
$100,000
Client Contribution
$22,000
Total Project Cost
$210,000
ARV
$420,000
Resale Price
$489,900
*At the time of initial funding
In November 2024, Barnett REI Finance funded a $188,000 loan for a fix and flip in Chicago, IL, backing the $110,000 purchase and a $210,000 renovation budget. A major highlight of the project was the addition of a fully renovated basement in-law suite, which expanded livable space and boosted market appeal. By the time the borrower paid off the loan in August 2025, the property had far exceeded expectations, selling for $489,900 against an ARV of $420,000. This project shows how strategic upgrades, like adding multi-generational living options, can elevate both property value and investor returns.
Profitability & Lessons Learned
Inside the Deal
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6646 N Campbell
