View All South Chicago Chicago IL Move-Up Homes Listings

$158,000
2 Beds 2 Baths 12604673 MLS CLOSED Status
Rare South Shore/South Chicago opportunity for a move-in ready, end-unit brick townhome with a renovated kitchen, full bathroom in the walk-out basement, and numerous updates! ------ Freshly painted throughout, this well-maintained townhouse features a splendidly designed kitchen with quartz countertops, attractive, upscale cabinetry, and stainless-steel appliances including a French-door refrigerator, matching dishwasher, built-in under-cabinet microwave, and a professional range hood, along with a breakfast bar overlooking the dining area. ------ The bright living spaces are complemented by quality blinds, updated lighting, and carefully chosen luxury vinyl plank flooring. The second level offers two bedrooms with large closets and ceiling fans, including one with a unique art deco window feature, along with the main bathroom featuring quality tile work and a large window for natural light and ventilation. ------ The finished walk-out basement provides a versatile family room or potential third bedroom with newer luxury vinyl plank flooring, plus the full bathroom with a super-cute, glass-topped sink, and newer shower enclosure. The utility room has a newer front-load washer and dryer set upon storage stands, plus a newer Lennox furnace with humidifier, already set up for future central air installation. ------ The deep rear yard is fully fenced a with gate for access to the parking pad and a sidewalk to the rear entrance. There are wrought-iron, screened security doors and thermopane windows. ------ Welcome to affordable living with No HOA assessments and extremely low taxes. The current senior and homeowner exemptions reduced the actual 2024 tax bill to $0, however the tax amount shown on this listing ($1,024.63) does not include these exemptions, which is offered to help some buyers better estimate the true monthly expense. Ask about FHA options.

7927 S Jeffery Boulevard, Chicago

$450,000
12587967 MLS ACTIVE Status
8714 S. Commercial Ave. is a mixed-use retail and residential value-add opportunity located in Chicago's 60617 area. The property is being offered at $450,000 with a $25,000 buyer credit that may be applied toward the remaining renovation scope, subject to the terms of the purchase agreement. The asset consists of a 1,100-square-foot street-level retail storefront and five residential apartments, providing investors with a diversified income profile supported by neighborhood-serving retail and workforce housing demand. With three residential units and the retail storefront currently positioned for lease-up, the property offers a clear path to near-term income while the remaining apartments are completed and brought online. Lease the completed residential units and storefront, use the resulting operating momentum to reduce carrying costs, and complete the remaining residential renovations to achieve stabilized occupancy and cash flow. Residential and Retail Components The residential component includes: Three 2BR/1BA apartments that are move-in ready Two 3BR/1BA apartments requiring completion One 1,100-square-foot retail storefront that is move-in ready The two unfinished 3BR/1BA apartments require additional interior improvements, including drywall, kitchen cabinetry, appliances, finishes, and related completion work. The remaining renovation budget is estimated at $50,000. With the seller offering a $25,000 credit, the buyer's remaining estimated renovation exposure is reduced to $25,000, providing a more attractive basis and a defined path toward stabilization. Rather than deploying the full renovation budget before generating income, the buyer can sequence the remaining work while leasing the completed portions of the property. At stabilization, the property is projected to generate: Pro Forma Gross Revenue: $92,400 Effective Gross Revenue: $89,112 Pro Forma Net Operating Income: $53,482 Pro Forma Cap Rate on Estimated All-In Basis: 11.26% Based on an illustrative financing structure of 70% loan-to-value, the property may also produce $30,208 in annual cash flow after debt service, representing a projected 18.88% cash-on-cash return. Financing terms and actual returns will depend on the buyer's loan structure, renovation costs, lease-up timing, and operating performance. 8714 S. Commercial Ave. is well-suited for local and regional investors seeking a manageable mixed-use value-add opportunity with near-term income potential, limited remaining renovation exposure, and a measurable path to stabilized cash flow. The revised $450,000 asking price and $25,000 seller credit provide a more compelling entry point while preserving meaningful upside through renovation completion, leasing, and professional management.

8714 S Commercial Avenue, Chicago

$322,000
3 Beds 3 Baths 12441201 MLS CLOSED Status
Welcome Home to South Chicago Charm! Step into this beautifully updated 4-bedroom, 2.5-bath brick home nestled in the heart of the South Chicago neighborhood. From the moment you walk through the door, you'll feel it and know that you and your family will create many memories here. This home offers a bedroom for everyone, providing flexibility for those needing a guest room or office, while also ensuring that each has their own space. The main level welcomes you with rich hardwood floors, new windows that flood the home with natural light, and a kitchen featuring quartz countertops, glass backsplash, new forty-two-inch cabinetry, and stainless steel appliances, perfect for home-cooked meals and family gatherings. Entertain with style when you head downstairs to the finished basement, your new entertainment hub with a sleek dry bar, ample space, and a dedicated laundry room. It's ideal for movie nights, game days, or cozy weekends, making it perfect for entertaining. Experience and enjoy outdoor living at its best when you step outside to your brand-new deck, an ideal spot for BBQs, kids to play, or simply soaking up some sunshine. The spacious backyard is your private oasis, a place to relax and unwind. Peace of Mind comes standard with this home's updated electrical, HVAC, and plumbing. These modern updates ensure that this home is move-in ready, allowing you to focus on what matters most: enjoying your life. You're just minutes from parks, schools, lakefront trails, and dining, and you have easy access to the city, South Chicago living at its best. This location offers the perfect balance of tranquility and convenience, without the hustle and bustle of South Shore, making it an ideal place to call home. Homes like this don't last long. Whether you're looking for your forever home or a fresh new chapter, this gem is ready to welcome you. Don't just visit, imagine living here. Call this one "home for the holidays" in time for Labor Day, Thanksgiving, and Christmas. Move-in ready with modern finishes throughout, this home checks all the boxes. Take the next step and schedule your private showing today. Fall in love with your new home before someone else calls it home.

8432 S Yates Boulevard, Chicago

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South Chicago, Chicago IL · Curated MLS Search

Move-Up Homes in South Chicago, Chicago IL

An editorially curated view of every active move-up homes listing in South Chicago, Chicago IL. Updated in real time from the local MLS, presented without the noise.

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