View All Bronzeville Chicago IL Cash Only Homes Listings

4837 S Forrestville Avenue Unit #G, Chicago
$125,000
2 Beds ⋅ 2 Baths ⋅ 12778316 MLS ⋅ CONTINGENT Status
EXCEPTIONAL BRONZEVILLE VALUE-ADD OPPORTUNITY WITH APPROXIMATELY $191,000 RENOVATED VALUE! Motivated international owner is looking to liquidate before year-end, creating an opportunity to acquire an approximately 1,600-square-foot, 2-bedroom, 2-full-bath condominium at only $125,000, approximately $66,000 below the seller's estimated renovated value before improvement and transaction costs. The spacious garden-level residence offers a large, functional floor plan with a separate den that can serve as a home office, additional lounge or flex space, hardwood flooring, central air, gas-log fireplace, stainless steel appliances, in-unit washer and dryer, two full bathrooms, and an assigned exterior parking space that comes with the unit. The property has been successfully operated as a rental by the current owner for more than a decade, including long-term participation with the Chicago Housing Authority, and the other owners in this intimate three-unit building also rent their units, creating an appealing setup for a buyer considering a long-term rental strategy. Another unique aspect of ownership is the historically low carrying cost: the current owner has never been charged or paid monthly association dues during ownership and has never been charged a special assessment. The unit offers an opportunity for thoughtful cosmetic updating and TLC rather than starting from scratch, allowing a new owner to modernize the space and potentially capitalize on the spread between the $125,000 acquisition price and the approximately $191,000 after-repair value supported by comparable garden unit condo sales within a 1 mile radius. The Bronzeville location adds another layer of appeal, with neighborhood favorites including Sip & Savor, Ain't She Sweet Cafe, Peach's Restaurant, Two Fish Crab Shack and Bronzeville Winery nearby, along with the Harold Washington Cultural Center, Washington Park, neighborhood shopping, public transportation and convenient access to Chicago's lakefront. Healthcare is also exceptionally convenient, with Provident Hospital of Cook County, the Northwestern Medicine Bronzeville Outpatient Center, and the larger University of Chicago Medicine Hyde Park campus all within the surrounding area. Bronzeville continues to offer a distinctive combination of historic architecture, cultural significance, neighborhood dining, coffee shops, recreation and proximity to Hyde Park. Whether the next owner's strategy is to refresh and rent, renovate and hold, or create a spacious personal residence, this property offers substantial square footage, two full baths, private laundry, included parking, proven rental history and significant potential upside at an unusually low acquisition basis. Property is being sold as-is and requires a cash acquisition due to condominium financing limitations. Seller is motivated and seeking a clean year-end transaction.

4837 S Forrestville Avenue Unit #G, Chicago

4028 S King Drive, Chicago
$948,000
11 Beds ⋅ 7 Baths ⋅ 12434295 MLS ⋅ CLOSED Status
Historic Grand Boulevard 4-Flat with High Income Potential + Bonus Coach House! Own a piece of Chicago's architectural legacy with this stunning, fully rehabbed 4-flat on iconic King Drive in the heart of historic Grand Boulevard. This 5,600 sq ft gem blends timeless Bronzeville charm with modern updates, offering the perfect combination of luxury, income, and long-term upside. Gut-renovated in 2010 and refreshed in 2022 with new kitchens and bathrooms in Units 1 & 2, this property is fully leased and generating strong, consistent rental income-delivering instant cash flow from day one. Whether you're an investor or owner-occupant, this is a turn-key opportunity with tremendous upside. Each of the four expansive units features soaring 10-foot ceilings, generous layouts, and modern finishes. But the value doesn't stop there-out back, an unfinished coach house offers endless potential. Envision a 2-car garage topped with a 2-bedroom apartment to easily create a fifth income-producing unit and boost your ROI. Location perks: * Steps from CTA Green Line + King Drive bus. * Quick access to I-90/94 and Lake Shore Drive. * Walk to lakefront beaches, bike paths, and parks. * Just 2 miles to Hyde Park, U of C, and McCormick Place. * Only 4 miles to downtown Chicago. This is more than a property-it's a portfolio-builder. Rarely does a move-in-ready, cash-flowing multi-unit with future development potential hit the market in such a prime, appreciating neighborhood. Currently a 6.6% CAP rate with room to grow. Schedule your private tour today-this opportunity won't last!

4028 S King Drive, Chicago

406 E 46Th Street Unit #B4, Chicago
$340,000
4 Beds ⋅ 4 Baths ⋅ 12064701 MLS ⋅ CLOSED Status
Step into the heart of the historic and vibrant Bronzeville neighborhood, where urban living meets modern luxury in this captivating 4-story townhome! This beautifully designed 3000 sq ft 4-bedroom, 2 full and 2 half bathrooms, office, 2-car attached garage provides all the features you are looking for in a home in a gated community. As you tour the multi-level home, the spare room on the first level can be used as an office or study area situated away from the primary living spaces. On the 2nd floor you will fall in love with the Chef's kitchen upgraded with Bosch stainless steel appliances, Quartz counters, waterfall edge island, dual temperature wine refrigerator; ample size pantry closet; hardwood flooring; accent lighting fixtures and balcony. The 3rd floor has 3 spacious bedrooms with a full bathroom. The spacious primary bedroom with en suite, vaulted ceiling and plenty of closet space occupies the 4th floor. The home comes with a dual zoned HVAC system, security and intercom system. Entertain your guests and loved ones on the rooftop deck or relax with your favorite cup of tea/coffee. The rooftop deck comes with remote controlled retractable awning. Enjoy the nearby Chicago lakefront with beautiful beaches, bike paths, delightful restaurants, shopping, and entertainment. You have many transportation options with CTA trains and buses, the Metra Electric, Lake Shore Drive, and easy access to major expressways (I-90/I-94/I-55). Cash and conventional offers only. . Property is "SOLD AS-IS". Schedule your tour of this amazing home today!

406 E 46Th Street Unit #B4, Chicago

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Bronzeville, Chicago IL · Curated MLS Search

Cash Only Homes in Bronzeville, Chicago IL

An editorially curated view of every active cash only homes listing in Bronzeville, Chicago IL. Updated in real time from the local MLS, presented without the noise.

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