Chicagorealestatesource.com Search Results

$425,000

OWNER-OCCUPANT & INVESTOR VALUE-ADD OPPORTUNITY IN SOUTH SHORE! Not turnkey. Not overdone. Full of potential. This solid all-brick 3-flat offers approximately 3,200 sq ft, 9 bedrooms, 3 baths, separate utilities and a full basement-with an opportunity to create value through cosmetic renovation. Owner-occupants: Live in one unit while renting the other two, with anticipated rental potential of approximately $4,600/month from the two rented units, subject to market conditions and tenant demand. Investors: Three units create multiple income streams with anticipated rents of approximately $2,300 per unit, or $6,900/month when fully rented. The strategy is simple: BUY RENOVATE RENT BUILD EQUITY Financing options may include FHA 203(k), Conventional Rehab, Cash, or Hard Money, subject to lender/investor approval, property eligibility, borrower qualifications and applicable loan terms. Located in South Shore amid significant public and private investment, including INVEST South/West, the Obama Presidential Center, THRIVE Exchange and 71st Street corridor investment. Future impact is not guaranteed, but the level of investment makes this an opportunity worth a closer look. This is where the opportunity begins: bring your vision, improve the property and create the value. Short sale. Sold AS-IS. Subject to lender approval. If you're looking for a property where the upside comes from what YOU do with it, don't let this one pass without running the numbers. Anticipated rents are estimates for illustrative purposes only. Actual rents, expenses, renovation costs and values may vary. Financing is subject to lender approval, borrower qualification, property eligibility and applicable terms. Buyer to independently verify all information and projections.

9 Beds ⋅ 3 Baths ⋅ 12724446 MLS ⋅ ACTIVE Status

OWNER-OCCUPANT & INVESTOR VALUE-ADD OPPORTUNITY IN SOUTH SHORE! Not turnkey. Not overdone. Full of potential. This solid all-brick 3-flat offers approximately 3,200 sq ft, 9 bedrooms, 3 baths, separate utilities and a full basement-with an opportunity to create value through cosmetic renovation. Owner-occupants: Live in one unit while renting the other two, with anticipated rental potential of approximately $4,600/month from the two rented units, subject to market conditions and tenant demand. Investors: Three units create multiple income streams with anticipated rents of approximately $2,300 per unit, or $6,900/month when fully rented. The strategy is simple: BUY RENOVATE RENT BUILD EQUITY Financing options may include FHA 203(k), Conventional Rehab, Cash, or Hard Money, subject to lender/investor approval, property eligibility, borrower qualifications and applicable loan terms. Located in South Shore amid significant public and private investment, including INVEST South/West, the Obama Presidential Center, THRIVE Exchange and 71st Street corridor investment. Future impact is not guaranteed, but the level of investment makes this an opportunity worth a closer look. This is where the opportunity begins: bring your vision, improve the property and create the value. Short sale. Sold AS-IS. Subject to lender approval. If you're looking for a property where the upside comes from what YOU do with it, don't let this one pass without running the numbers. Anticipated rents are estimates for illustrative purposes only. Actual rents, expenses, renovation costs and values may vary. Financing is subject to lender approval, borrower qualification, property eligibility and applicable terms. Buyer to independently verify all information and projections.

7544 S Essex Avenue, Chicago

$740,000

Fantastic opportunity to own a turnkey three-flat in the elevated Jackson Park neighborhood in South Shore, perfect for an owner-occupant or investor. The building is HUGE on a double-wide lot with each unit being 2100 SF. Fully gut rehabbed in 2014 with all new plumbing, electrical, drywall and refinished floors. Each unit offers three spacious bedrooms and two full baths, along with expansive living and dining areas, a bright sunroom, and a large open kitchen featuring granite and stainless steel appliances each unit includes a "separate A/C, furnaces, hot water heaters, and in-unit W/D" ?. Enclosed walk up, three-car garage, and a sizable backyard. The full unfinished basement presents excellent potential for a 4th unit, with high ceilings, egress/ingress - an outstanding value-add opportunity. Ideally located on one of the nicest streets in Jackson Park, South Shore's beautiful beaches and boat docks, the Museum of Science and Industry, and a variety of shopping and dining options. Convenient access to downtown via bus, train, or Lake Shore Drive. Adding to the area's appeal, a new family entertainment center is scheduled to break ground in Spring 2026. 2 units are currently rented at $1990-2100/unit, reflecting the quality level of finishes and location. Assumablie FHA Loan 2.75% Loan balance $358,109.00 PITI $2,777.00.

9 Beds ⋅ 6 Baths ⋅ 12692973 MLS ⋅ CLOSED Status

Fantastic opportunity to own a turnkey three-flat in the elevated Jackson Park neighborhood in South Shore, perfect for an owner-occupant or investor. The building is HUGE on a double-wide lot with each unit being 2100 SF. Fully gut rehabbed in 2014 with all new plumbing, electrical, drywall and refinished floors. Each unit offers three spacious bedrooms and two full baths, along with expansive living and dining areas, a bright sunroom, and a large open kitchen featuring granite and stainless steel appliances each unit includes a "separate A/C, furnaces, hot water heaters, and in-unit W/D" ?. Enclosed walk up, three-car garage, and a sizable backyard. The full unfinished basement presents excellent potential for a 4th unit, with high ceilings, egress/ingress - an outstanding value-add opportunity. Ideally located on one of the nicest streets in Jackson Park, South Shore's beautiful beaches and boat docks, the Museum of Science and Industry, and a variety of shopping and dining options. Convenient access to downtown via bus, train, or Lake Shore Drive. Adding to the area's appeal, a new family entertainment center is scheduled to break ground in Spring 2026. 2 units are currently rented at $1990-2100/unit, reflecting the quality level of finishes and location. Assumablie FHA Loan 2.75% Loan balance $358,109.00 PITI $2,777.00.

6730 S Merrill Avenue, Chicago

$238,000

1ST TIME HOME BUYERS, INVESTORS & REHABBERS - SOUTH SHORE BUNGALOW PRICED TO SELL! 7646 S. Merrill Avenue | Chicago, IL 60649 | $259,900 | AS-IS Classic 2-story Chicago brick bungalow - brick first floor, vinyl siding second floor, asphalt shingle roof, detached 2-car garage. FIRST FLOOR: Foyer, formal living room, formal dining room, 2 bedrooms, 1 full bath, hardwood floors throughout, tile in kitchen and bath, enclosed porch off dining room and kitchen. SECOND FLOOR: 2 bedrooms, 1 full bath, sitting room, plus a dormer that can be converted into a 6th bedroom or primary suite, significantly increasing the value of the home after renovation. BASEMENT: Unfinished - 5th bedroom, half bath, utility and laundry room, storage room, and plenty of open space. Your opportunity to design and build exactly what you need. This is a 5-bedroom home with the potential to become a 6-bedroom after the dormer conversion. Similar homes in South Shore have sold for $280K-$390K. The Obama Presidential Center is minutes away. South Shore is a neighborhood on the rise - now is the time to BUY. FINANCING: This property is FHA 203(K) and VA Renovation loan eligible - buy it AND fund your full rehab in ONE loan, ONE closing, ONE payment. FHA 203(K): 3.5% down, 620 minimum credit score. VA: zero down, no PMI, flexible credit. First-time buyers - this is your opportunity to build real wealth through homeownership. Sold AS-IS. No repairs. Pre-approval or proof of funds required with all offers. Distressed/foreclosure sale - special warranty deed. Allow additional time for title clearance. Contact listing agent for viewing instructions. ChatGPT AI was used to review this narrative.

4 Beds ⋅ 3 Baths ⋅ 12650798 MLS ⋅ ACTIVE Status

1ST TIME HOME BUYERS, INVESTORS & REHABBERS - SOUTH SHORE BUNGALOW PRICED TO SELL! 7646 S. Merrill Avenue | Chicago, IL 60649 | $259,900 | AS-IS Classic 2-story Chicago brick bungalow - brick first floor, vinyl siding second floor, asphalt shingle roof, detached 2-car garage. FIRST FLOOR: Foyer, formal living room, formal dining room, 2 bedrooms, 1 full bath, hardwood floors throughout, tile in kitchen and bath, enclosed porch off dining room and kitchen. SECOND FLOOR: 2 bedrooms, 1 full bath, sitting room, plus a dormer that can be converted into a 6th bedroom or primary suite, significantly increasing the value of the home after renovation. BASEMENT: Unfinished - 5th bedroom, half bath, utility and laundry room, storage room, and plenty of open space. Your opportunity to design and build exactly what you need. This is a 5-bedroom home with the potential to become a 6-bedroom after the dormer conversion. Similar homes in South Shore have sold for $280K-$390K. The Obama Presidential Center is minutes away. South Shore is a neighborhood on the rise - now is the time to BUY. FINANCING: This property is FHA 203(K) and VA Renovation loan eligible - buy it AND fund your full rehab in ONE loan, ONE closing, ONE payment. FHA 203(K): 3.5% down, 620 minimum credit score. VA: zero down, no PMI, flexible credit. First-time buyers - this is your opportunity to build real wealth through homeownership. Sold AS-IS. No repairs. Pre-approval or proof of funds required with all offers. Distressed/foreclosure sale - special warranty deed. Allow additional time for title clearance. Contact listing agent for viewing instructions. ChatGPT AI was used to review this narrative.

7646 S Merrill Avenue, Chicago

$370,000

***Asking price is only $375,000 - Estimated After-Repair-Value is $671,000*** Discover a rare investment opportunity in South Shore with this massive, golden brick three-flat offering 4,158 square feet of living space and tremendous potential for expansion. Perfect for an owner-occupant looking to house hack, this property allows you to live in one unit while renting out the other two, with the potential to convert the spacious basement into a fourth livable unit for even more rental income. Each of the three units boasts three bedrooms, two full bathrooms, original hardwood floors, and separate living and dining rooms, providing a solid foundation for strong rental income or an owner-occupant setup. Major upgrades have been completed, including a new tear off roof (2020), a brand-new back porch (2025, city-approved), two new furnaces (2024), all-new copper water lines (2024), five newly installed bathtubs, and a four-year-old roof. Approximately 80% of the electrical system has been updated in recent years, and two attic condensers are already in place for potential central air installation. While the property does need some work, there is significant equity upside for a buyer willing to complete the renovations. With fully renovated units in the area renting for an average of $1,913 per month, this property can generate an estimated $5,739 in gross monthly rental income, potentially covering the majority, if not all, of your housing expenses. The basement, with its high ceilings and ample space, offers the opportunity for conversion into a livable unit, boosting the revenue potential to over $7,000 per month. This property is an excellent candidate for a buyer looking to take advantage of an FHA 203k construction loan to complete the necessary renovations and unlock its full value. Located near Lake Michigan, Jackson Park Golf Course, the Obama Presidential Library, public transit, and major highways, this property provides easy access to everything South Shore has to offer. Recent sales of fully renovated three-unit properties within a one-mile radius have averaged $671,000, providing substantial equity upside for a buyer willing to put in the work. Whether you're an investor or a savvy homeowner looking for a way to reduce living expenses and build equity, this property is a unique opportunity. The owner has addressed a minor furnace violation, and the property will be delivered free of code violations at closing. Priced to sell, schedule your showing today! Property sold AS-IS.

3 Beds ⋅ 2 Baths ⋅ 12223081 MLS ⋅ CLOSED Status

***Asking price is only $375,000 - Estimated After-Repair-Value is $671,000*** Discover a rare investment opportunity in South Shore with this massive, golden brick three-flat offering 4,158 square feet of living space and tremendous potential for expansion. Perfect for an owner-occupant looking to house hack, this property allows you to live in one unit while renting out the other two, with the potential to convert the spacious basement into a fourth livable unit for even more rental income. Each of the three units boasts three bedrooms, two full bathrooms, original hardwood floors, and separate living and dining rooms, providing a solid foundation for strong rental income or an owner-occupant setup. Major upgrades have been completed, including a new tear off roof (2020), a brand-new back porch (2025, city-approved), two new furnaces (2024), all-new copper water lines (2024), five newly installed bathtubs, and a four-year-old roof. Approximately 80% of the electrical system has been updated in recent years, and two attic condensers are already in place for potential central air installation. While the property does need some work, there is significant equity upside for a buyer willing to complete the renovations. With fully renovated units in the area renting for an average of $1,913 per month, this property can generate an estimated $5,739 in gross monthly rental income, potentially covering the majority, if not all, of your housing expenses. The basement, with its high ceilings and ample space, offers the opportunity for conversion into a livable unit, boosting the revenue potential to over $7,000 per month. This property is an excellent candidate for a buyer looking to take advantage of an FHA 203k construction loan to complete the necessary renovations and unlock its full value. Located near Lake Michigan, Jackson Park Golf Course, the Obama Presidential Library, public transit, and major highways, this property provides easy access to everything South Shore has to offer. Recent sales of fully renovated three-unit properties within a one-mile radius have averaged $671,000, providing substantial equity upside for a buyer willing to put in the work. Whether you're an investor or a savvy homeowner looking for a way to reduce living expenses and build equity, this property is a unique opportunity. The owner has addressed a minor furnace violation, and the property will be delivered free of code violations at closing. Priced to sell, schedule your showing today! Property sold AS-IS.

7712 S Jeffery Boulevard, Chicago

$315,000

Welcome to this meticulously rehabbed two-story residence, nestled on a prime block, boasting not only a spacious full basement but also a convenient two-car garage. This captivating home unfolds over two levels of elegantly designed living space, featuring three generously sized bedrooms and three impeccably finished full bathrooms, making it an ideal retreat for both relaxation and entertaining. At the heart of this stunning home lies a gourmet chef's kitchen, a true masterpiece equipped with brand-new white shaker cabinets, sleek quartz countertops, and a classic subway tile backsplash that adds a timeless elegance. This culinary haven is fully outfitted with brand-new, high-end stainless steel appliances, ready to inspire your next dining adventure. The entire home has been transformed with new flooring, exuding a fresh and modern ambiance. Each room has been freshly painted and adorned with new wainscoting, adding a touch of sophistication. The installation of brand-new windows throughout the first and second floors bathes the interior in natural light, while a skylight in the primary bedroom further enhances the bright and airy feel. This primary suite is a luxurious retreat, complete with its own full bathroom, offering a private oasis within the home. Further enhancing its appeal, the property features a brand-new furnace and hot water tank, ensuring comfort and efficiency for years to come. The large unfinished basement presents an incredible opportunity for additional living space, ready to be customized to your liking. Outdoor living is equally inviting, with a beautifully refinished deck off the kitchen, providing the perfect backdrop for summer gatherings and tranquil moments alike. This home is not just a residence, but a lifestyle offering. Located within walking distance to Jackson Park and mere minutes from the lakefront, beaches, the Museum of Science and Industry, and the highly anticipated Obama Library, this property is a gateway to some of the city's most cherished attractions. The South Shore Highlands neighborhood further enhances its desirability, offering a welcoming community atmosphere. This home is a dream come true for those seeking a blend of modern luxury and convenience. We warmly invite VA, FHA, cash, and conventional loan buyers to explore this exceptional property. Don't miss the chance to make this house your forever home. Schedule your viewing today and experience the perfect blend of style, comfort, and location.

3 Beds ⋅ 3 Baths ⋅ 12045770 MLS ⋅ CLOSED Status

Welcome to this meticulously rehabbed two-story residence, nestled on a prime block, boasting not only a spacious full basement but also a convenient two-car garage. This captivating home unfolds over two levels of elegantly designed living space, featuring three generously sized bedrooms and three impeccably finished full bathrooms, making it an ideal retreat for both relaxation and entertaining. At the heart of this stunning home lies a gourmet chef's kitchen, a true masterpiece equipped with brand-new white shaker cabinets, sleek quartz countertops, and a classic subway tile backsplash that adds a timeless elegance. This culinary haven is fully outfitted with brand-new, high-end stainless steel appliances, ready to inspire your next dining adventure. The entire home has been transformed with new flooring, exuding a fresh and modern ambiance. Each room has been freshly painted and adorned with new wainscoting, adding a touch of sophistication. The installation of brand-new windows throughout the first and second floors bathes the interior in natural light, while a skylight in the primary bedroom further enhances the bright and airy feel. This primary suite is a luxurious retreat, complete with its own full bathroom, offering a private oasis within the home. Further enhancing its appeal, the property features a brand-new furnace and hot water tank, ensuring comfort and efficiency for years to come. The large unfinished basement presents an incredible opportunity for additional living space, ready to be customized to your liking. Outdoor living is equally inviting, with a beautifully refinished deck off the kitchen, providing the perfect backdrop for summer gatherings and tranquil moments alike. This home is not just a residence, but a lifestyle offering. Located within walking distance to Jackson Park and mere minutes from the lakefront, beaches, the Museum of Science and Industry, and the highly anticipated Obama Library, this property is a gateway to some of the city's most cherished attractions. The South Shore Highlands neighborhood further enhances its desirability, offering a welcoming community atmosphere. This home is a dream come true for those seeking a blend of modern luxury and convenience. We warmly invite VA, FHA, cash, and conventional loan buyers to explore this exceptional property. Don't miss the chance to make this house your forever home. Schedule your viewing today and experience the perfect blend of style, comfort, and location.

1652 E 70Th Street, Chicago

$330,000

This stunning property, boasting high-end finishes, has been thoroughly updated with new plumbing, electrical work, and ductwork. It features a tastefully gut-rehabbed open floor plan with six bedrooms and three full bathrooms. All you need to do is move your furniture in. This wonderful Chicago-style bungalow, nestled in the desirable Southshore neighborhood and just moments away from both the lake and Hyde Park, includes a completely renovated basement. The gourmet kitchen showcases solid white Shaker cabinetry, quartz countertops, and new stainless steel appliances. The lower level provides a spacious entertaining area, two bedrooms, and a full bathroom equipped with waterproof Luxury Vinyl Planks. Hardwood floors add charm to the main floor, which also includes three bedrooms and a full bathroom. The second floor hosts the primary suite with a cozy sitting nook and a private full bathroom. Other updates include new windows, HVAC system, garage door, opener, and staircase, along with a newer roof. The home also offers a lovely backyard, a two-car garage, and a beautifully landscaped front and side yard. Situated just minutes from shopping, parks, schools, a train station, and easy highway and bus access. The agent holds an ownership interest in this property. This unbeatable gem is ready for FHA, VA, and conventional loan buyers. It's a home completely remodeled and ready for you.

4 Beds ⋅ 3 Baths ⋅ 11981819 MLS ⋅ CLOSED Status

This stunning property, boasting high-end finishes, has been thoroughly updated with new plumbing, electrical work, and ductwork. It features a tastefully gut-rehabbed open floor plan with six bedrooms and three full bathrooms. All you need to do is move your furniture in. This wonderful Chicago-style bungalow, nestled in the desirable Southshore neighborhood and just moments away from both the lake and Hyde Park, includes a completely renovated basement. The gourmet kitchen showcases solid white Shaker cabinetry, quartz countertops, and new stainless steel appliances. The lower level provides a spacious entertaining area, two bedrooms, and a full bathroom equipped with waterproof Luxury Vinyl Planks. Hardwood floors add charm to the main floor, which also includes three bedrooms and a full bathroom. The second floor hosts the primary suite with a cozy sitting nook and a private full bathroom. Other updates include new windows, HVAC system, garage door, opener, and staircase, along with a newer roof. The home also offers a lovely backyard, a two-car garage, and a beautifully landscaped front and side yard. Situated just minutes from shopping, parks, schools, a train station, and easy highway and bus access. The agent holds an ownership interest in this property. This unbeatable gem is ready for FHA, VA, and conventional loan buyers. It's a home completely remodeled and ready for you.

7843 S Clyde Avenue, Chicago