View All South Shore Chicago IL Cash Only Homes Listings

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

$185,000

4 Beds ⋅ 3 Baths ⋅ 12685137 MLS ⋅ CONTINGENT Status

BACK ON THE MARKET! BUYER FAILED TO DEPOSIT EARNEST MONEY! Investor special in the desirable South Shore area! This available brick 2-flat offers an excellent opportunity for investors, rehabbers, or buyers looking to add value. Featuring two units, this property is a true diamond in the rough with tremendous potential for renovation and future income. Property is being sold AS-IS. Cash or conventional financing only-FHA and VA financing will not be considered. Don't miss this chance to bring your vision to life and invest in one of Chicago's growing neighborhoods! MUKTIPLE OFFERS RECEIVED HIGHEST AND BEST BY 9:00AM SUN 7/19

7842 S Constance Avenue, Chicago

$88,000

2 Beds ⋅ 2 Baths ⋅ 12588210 MLS ⋅ CLOSED Status

Rarely available top floor corner unit 2 bedroom + den with open views east, south and west. This fantastic 1700 square foot unit has high ceilings, vintage detail and is filled with light. Floor plan is amazing with large entertaining spaces, tons of closets and an amazing butler's pantry. Beautiful decorative fireplace. Sizeable kitchen with laundry hook up. In unit cedar closet and basement storage. Only two units per floor. Unit is being sold as is. Renovate to your taste for a gracious home. Views of the lake and country club. Valet parking $175 additional. Location is fantastic, near lake, park, South Shore Cultural Center and transportation. A grant allowed recent facade work and a new boiler. Cash sales only as the building works to resolve a code violation.

6935 S Crandon Avenue Unit #8D, Chicago

$162,900

2 Beds ⋅ 2 Baths ⋅ 12547298 MLS ⋅ CLOSED Status

Welcome to this beautifully updated two-bedroom, two-bath condominium located in the vibrant South Shore neighborhood. This spacious residence offers stunning panoramic views of Lake Michigan, Jackson Park, and iconic downtown Chicago skyline. Walking distance to the new Presidential Obama Center, and close to highways and medical centers. The thoughtfully designed layout features a generous primary suite complete with a private en-suite full bath, along with a second full bathroom for added convenience. The unit is equipped with central air conditioning for year-round comfort. Step out onto your private balcony and enjoy serene views overlooking the park and lake-perfect for relaxing mornings or evening sunsets. Residents will appreciate the ease of public transportation with bus service conveniently located just outside the front door. This prime location also offers easy access to scenic bike trails along Lake Shore Drive. The beach is within walking distance, making it effortless to enjoy Chicago's lakefront lifestyle. Additional building amenities include on site laundry facilities, a party room for entertaining, secure entry, extra storage, and one dedicated parking space located at the rear of the building. This is a rare opportunity to enjoy comfort, convenience, and breathtaking views all in an exceptional home. Selling AS-IS but in great condition. Conventional or Cash only.

6701 S Crandon Avenue Unit #9B, Chicago

$167,000

3 Beds ⋅ 2 Baths ⋅ 12374413 MLS ⋅ CLOSED Status

Charming Brick Bungalow with Extra Lot - Perfect for Rehabbers & Investors! Single-Family Home + Extra Lot (30' x 125') Welcome home to this wonderful opportunity to create your dream home! Situated on a pristine block in South Shore with a homeowner block club, this well-maintained brick bungalow offers great potential for those looking to make their dream home customized to your own taste. On top of the additional beautiful garden 30' x 125' lot included in price, the possibilities are endless! This home includes 3 Bedrooms on the main floor, dining room, living room w/ fireplace, plus two large bonus rooms on the second floor, perfect for customizing to a home office, studio, media room or extra living space. Home also features a spacious lower-level w/ full kitchen, bathroom with shower, and its own outside entrance - ideal for a renovation or upgrades. Bring your ideas for a complete separate guest lower-level independent space. One-Car Garage: The existing garage structure is not functional, but it offers potential for renovation or conversion. This is the perfect opportunity for someone looking to customize the space to their taste! The extra lot attached next door provides additional space for expansion, outdoor living, or potential future development - a rare find in this sought-after South Shore neighborhood! This home is an excellent candidate for those looking to bring it back to its full potential. With a little investment and vision, it can become a stunning family home in a prime location. Please Note: Sellers Requests cash or rehab loans only Special Opportunity! Welcome Home!

7832 S Paxton Avenue, Chicago

$500,000

12368959 MLS ⋅ CLOSED Status

Excellent return on this fantastic investment located in South Shore of Chicago. Large 6 unit building with 6 car garage and extra exterior parking spaces! South Shore investment opportunity awaits you! Six apartments each in great condition offering 2-3 bedrooms/ 1 bathroom with separate dining room (many tenants using as a 3rd bedroom) and ability to convert each apartment to 3 bedrooms. Hardwood floors, separate living and dining areas, 1,300 + sq. ft., high ceilings, and lots of natural lighting -- Features that can ONLY be found in this community alongside the lake with all amenities to accommodate the long-term tenants and maintain consistent cash flow. Coin-op washer/dryer in basement. There was a garden unit that was dismantled however can be finished off as another in-law unit or with city approval an ADU. 6-car garage VERY well maintained. Large unfinished basement to use as the new owner wishes, lots of space. This building has great long term tenants and has been well managed and maintained. Priced to sell fast, huge opportunity for any investor to increase equity, income and value!

7515 S Phillips Avenue, Chicago

$140,000

4 Beds ⋅ 3 Baths ⋅ 12295356 MLS ⋅ CLOSED Status

Building being sold as! cash or rehab loan ONLY ! BASEMENT UNIT CAN BE CONVERTED INTO A UNIT. 2 BEDROOMS 1 BATH ON THE 1ST FLOOR, 2 FLOOR HAD 2 BEDROOM, 1.5 BATHS WITH A FIREPLACE, FULL BASEMENT THAT CAN BE A POTENTIAL APARTMENT. SLAB IN THE BACK YARD FOR GARAGE. NO UTLITIES WILL BE TURNED ON.

7630 S Constance Avenue, Chicago

$166,100

8 Beds ⋅ 3 Baths ⋅ 12273712 MLS ⋅ CLOSED Status

Calling all investors and rehabbers interested in a profitable opportunity in Jackson Park oversized 2-flat, featuring nearly 1,400 sq ft per unit of living space on each floor. This amazing property includes a finished basement already rented in a month-to-month lease. The two upper units are vacant and ready for the rehab work. Heated Enclosed Porch. Walk-in Pantry. Gas Fireplace and Sun Room. Each unit offers a spacious floor plan with a large living room and a spacious kitchen in the back. The basement unit is a 3 Bedroom/one bath, the top unit is a 3 Bedroom one bath as well, and the first-floor unit is a 2 bedroom /one bath. The property also includes a 3-car brick garage and rear recreation space, perfect for entertaining and family enjoyment. Located on a beautiful street with all brick buildings and mature landscaping, this property is just a short walk to the Cultural Center, Lake Michigan, and other attractions. SOLD AS IS. Easy to show. Only Cash Offers will be considered! Highest and Best deadline January 25! BASEMENT SHOWING ONLY PER APPOINTMENT!

Chicago

$150,000

3 Beds ⋅ 3 Baths ⋅ 12179247 MLS ⋅ ACTIVE Status

THIS IS A SIGHT UNSEEN PURCHASE. PROPERTY IS CURRENTLY IN PRE-FORECLOSURE AND WILL BE A SHORT SALE. ALL ACCEPTED OFFERS ARE SUBJECT TO LENDER APPROVAL. BUYER RESPONSIBLE FOR OUTSTANDING HOA DUES AT CLOSING. HOA DUES ARE NOT INCLUDED IN LIST PRICE. ONLY AS-IS CASH OFFERS WILL BE CONSIDERED.

6806 S Crandon Avenue Unit #2, Chicago

$412,000

12126121 MLS ⋅ CLOSED Status

Great opportunity for the right investor "CASH Sale" only. 6837 was damaged in a fire. The 3rd floor need a total gut rehab, 2nd floor has water damage about 50% rehab and the 1st floor needs 25% rehab. 6839 is fine and has no damage. It has a brand new roof on the 6 unit. This building has five 3 bedroom with 2 baths roughly 1300 square feet. This building has a 5 Car Garage, Property being sold "as-is". 1 units occupied. Located close to Obama Library, Jackson Park, lakefront, golf course, Metra/CTA and more.

6837-6839 S East End Avenue, Chicago

$700,000

9 Beds ⋅ 6 Baths ⋅ 12144874 MLS ⋅ CLOSED Status

No expense has been spared in this completely rebuilt multi unit in 74th block of South Shore. Brought down to the studs and most studs replaced. Literally to much to list that is new. I'm pretty sure the only thing that is original are the stairs and the brick. This property is ready for any FHA OR VA financing. FHA will go up to 770,000 on a 3 unit building. FHA will also count 75% of the rentable income in the building. These units will rent for 2200 each. If you live in one and rent 2 that is an additional 3,300 a month of income ( 4400 x 75% = 3300 or 40,000 a year). Put down 20% and you live in a brand new building almost for free. 7446 Luella is not your typical flip. Cornerstone Construction rebuilt this 2 unit, 3 bed 1.5 bath into a 3 UNIT, 3 BED 2 BATH IN UNIT LAUNDRY, CENTRAL A/C, 2000 square foot home for each unit. Stainless steel appliances quartz countertops, hardwood floors , recessed lighting. Newer electrical, updated plumbing and hvac, roof, drywall, lighting, floors.... everything. If you are an investor that is looking for a turn key property that you wont have to worry about for a long time this is it. put 20% down, and this thing prints cash. If you are a first time home buyer, this is a great option for you, everything is done, up to you, put the minimum down and pay very little or put 20% down and pay almost nothing, with your tenants paying your mortgage. Like anywhere in Chicago you can go from one street to the next and one can be a great street and the next, keep driving. The owner grew up in this area of Chicago and knows that this area is where you want to live and raise a family. The neighbors are great too. ****NATIONWIDE, NEW RULES AS OF AUGUST 17TH, IF YOU ARE A RENTER OR A BUYER, YOU MUST, SIGN SOME SORT OF BUYER AGENCY AGREEMENT DOCUMENT TO ENTER THE BUILDING. YOU CAN HAVE REPRESENTAION WITH A REALTOR OR REPRESENT YOURSELF, STILL NEED TO SIGN THE PAPER. NOT NEGOTIABLE. ******

7446 S Luella Avenue, Chicago

$103,000

3 Beds ⋅ 2 Baths ⋅ 12093480 MLS ⋅ CLOSED Status

Attention Investors, Rehabbers and Cash Buyers: Solid Brick Chicago Bungalow on a quiet, well established block with good bones, hardwood floors in the bedrooms and under the carpet in living room and dining room. 3 bedrooms, full bath with claw foot tub, kitchen, enclosed back porch. Unfinished basement with 3/4 bath, newer boiler and hot water heater. Side drive for parking and space in backyard for a garage. As Is, Cash only.

7542 S Merrill Avenue, Chicago

$138,000

3 Beds ⋅ 2 Baths ⋅ 12084208 MLS ⋅ CLOSED Status

Great Investment Opportunity in Chicago's South Shore! This vintage home is going to be fun to design and renovate even for a new developer. This beautiful American Four Square has been fully cleaned. Great looking hardwood floors were discovered underneath old carpeting that were removed. Hardwood floors under vinyl flooring upstairs. Big walk-in closets. Spend some relaxing time in the front porch or enjoy grilling in the backyard with family and friends. Enclosed back porch which can be used as an office space, a craft room or recreation space. 2 car garage in good condition. Walk to a nearby park, some restaurants, groceries, South Shore High School or even to Michelle Obama's childhood home. Enjoy the Rainbow Beach and the South Shore Cultural Center. Sold in AS-IS condition. Listing broker and Seller assume no responsibility and make no guarantee to the accuracy of the property info such as the condition, lot size and the room sizes. No disclosures. From what seller recalls, it has never flooded in the basement and all outer double-paned windows except bathroom windows were replaced in the 90's and are in good working condition. All plumbing works. This is a vintage house without the vintage smell. Solid wood doors and beautiful original antique doorknobs. Retro white kitchen with cast iron sink. Oven will not be included. Boiler with steamer is 14 yrs old and in good working condition. ADT alarm system. Not including basement, it's a rough estimate of about 1510 sq ft. Full size basement with laundry. Empty attic and no immediate visible signs of leak according to a worker who was requested to go up there. Easy to show. CASH OFFER OR RENOVATION LOAN ONLY!

7517 S Chappel Avenue, Chicago

$315,000

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

$490,000

12 Beds ⋅ 6 Baths ⋅ 11988663 MLS ⋅ CLOSED Status

This multi-family property is calling your name! Nestled in the heart of the highly sought-after South Shore neighborhood, this impressive 3-unit building presents a rare and exciting opportunity for both investors and first-time home buyers alike. Comprising of two occupied units and one vacant unit, this property offers the perfect blend of immediate cash flow and potential for moving in the garden unit or additional income. Each spacious unit boasts an expansive layout featuring 4 bedrooms and 2 bathrooms, ensuring ample space for tenants or a growing family. The entire building has been upgraded with new HVAC systems, promising year-round comfort and efficiency. The garden unit stands out, having been completely rehabbed to feature modern finishes and fixtures, presenting an attractive option for renters or as a luxurious owner's unit. Located just moments from public transportation, shopping amenities, and the scenic Lake Shore Drive, this property not only offers convenience but also the lifestyle that the vibrant South Shore neighborhood is known for. Whether you're taking a short drive to the lakefront or enjoying the local cuisine and shopping options, this location does not disappoint. Don't miss your chance to schedule a showing today and explore the potential of this unique property.

2458 E 74Th Place, Chicago

$575,000

11842579 MLS ⋅ CLOSED Status

Bring your design plans and prepare for rental market and South Shore. This Classic Brick 3 story building boast 16 units for a developer to enhance. This property is mere blocks from our beautiful Lake Michigan front, Rainbow Beach Park for relaxation and fun in the sand/sun for the family and friends, minutes from South Shore Golf Course (with plans to be redesigned Tiger Woods) and the soon to be completed Obama Presidential Library is approx. 2 miles away. All rental rates are modest Broker Projections and the property is sold AS-IS due to the need for some repairs. Cash only or rehab loan required...

7608 S Saginaw Avenue, Chicago

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