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$80,000
4 Beds 3 Baths 12654542 MLS CLOSED Status
UPDATE SHOWINGS allowed upon request. TENANT VACATING 6/20. INVESTOR SPECIAL! Massive value-add opportunity on this oversized brick bungalow with 6 bedrooms, 3 full bathrooms, finished attic, and finished basement - priced WELL below market value with strong upside potential. Situated on a quiet residential street. Estimated ARV: $250K-$300K. This property offers multiple levels of finished living space and strong income potential for savvy investors, rehabbers, and landlords. Main level features 2 bedrooms, a full bath, family room, dining room, kitchen, and a dedicated laundry room. Finished attic includes 2 additional bedrooms and full bath. Finished basement includes a second kitchen area, 2 bedrooms, storage closet and full bath - ideal for extended living arrangements or maximizing rental potential. Recent improvements include: Front family room windows replaced in 2024 New Water heater installed January 2024. Solid brick construction. Functional layout. Tremendous equity potential. Property is tenant occupied. Tenant will terminate lease at closing and vacate before. Sold AS-IS. A cash sale is strongly preferred.

7241 S Carpenter Street, Chicago

$80,000
3 Beds 1 Baths 12532160 MLS CLOSED Status
*** BE AWARE OF SCAM, THIS PROPERTY IS ABSOLUTELLY NOT FOR RENT ***Located in the Auburn Gresham neighborhood of Chicago, this classic brick bungalow sits on a standard city lot and offers timeless exterior appeal with the potential for future value through renovation. With 3 bedrooms, 1 bathroom, and a full unfinished basement, the property presents an excellent opportunity for a buyer seeking a project or long-term investment. The architecture, lot features, and layout create a strong foundation for customization and modernization. The exterior of the home features a traditional red brick facade, a pitched roofline, and original window arrangements that reflect early 20th-century Chicago residential design. The home's raised profile includes a covered front porch framed by masonry columns and iron railings, leading up from a concrete walkway and fenced front yard. This welcoming entryway adds both security and charm and creates a distinct separation from the street. The elevated steps and full-width porch offer potential for future decorative elements like seasonal planters, porch seating, or accent lighting. The property sits on a typical Chicago lot with alley access, giving the backyard a versatile layout that can support future improvements. The rear yard is grassy, flat, and fully open, offering plenty of space for landscaping, recreational use, or the construction of a garage or parking pad. With alley access already in place, off-street parking is easily achievable, and the yard provides an excellent backdrop for outdoor upgrades like patios, fencing, or garden beds. Brick homes like this one offer durability and insulation that hold their value over time, and this home's exterior appears to be in average condition, with visible wear consistent with its age. The structure appears solid from the street, and surrounding homes on the block are similarly styled brick bungalows or single-family residences. This consistency gives the area a well-maintained, cohesive appearance that supports long-term livability and market stability. The property is located on a quiet residential block lined with mature trees, sidewalks, and similar well-kept homes. The neighborhood features a mix of owner-occupied and investment properties, with ongoing renovation activity evident in various parts of Auburn Gresham. This property, with its original layout and generous lot features, is an excellent candidate for thoughtful updating. As per public record, the home includes 3 bedrooms and 1 bathroom, all on the main level, along with a full unfinished basement that offers high ceilings and open floor space. The basement has the potential to become a large family room, additional bedrooms, office space, or a second bathroom, depending on your renovation goals. Whether you're planning to create a comfortable owner-occupied residence or a cash-flowing rental property, the layout and lot support a wide range of possibilities. This home is especially well-suited for contractors, rehabbers, or handy buyers looking to build equity through improvements. The layout is practical, and the bones are strong, allowing you to focus on aesthetic and functional upgrades. The backyard space is ideal for families, pet owners, or those looking to host outdoor gatherings, and the front porch adds to the home's overall curb appeal and usability. Nearby, the area offers convenient access to public transportation, retail corridors, parks, schools, and recreational facilities. The location balances residential comfort with accessibility, making it a desirable part of the South Side for both homeowners and renters. With its traditional design, functional layout, and classic Chicago charm, this home presents a rewarding opportunity to restore and modernize a property with great bones. Whether you're looking to live in, flip, or rent out, this bungalow has the lot size, structure, and neighborhood support to become a successful long-term investme

710 W 81St Place, Chicago

$80,000
3 Beds 2 Baths 12504572 MLS CLOSED Status
REHAB SPECIAL!! Discover the possibilities in this classic solid brick two-story 3bd/1.5ba home located in the heart of Park Manor, just steps from major bus routes, the 69th/King corridor, and close to CTA Red/Green Line access. This is the type of property rehabbers and savvy investors look for: strong structure, spacious layout, and endless value-add potential. This property is perfect for a rehab project or fixer-upper enthusiast ready to bring their vision to life. With great bones and spacious rooms, it offers loads of potential for customization and value growth. The main level houses two full-size living rooms, ideal for entertaining or flexible use. Enjoy the separate dining room and sun porch for year-round enjoyment with plenty of natural light throughout. Upstairs are three generously sized bedrooms with large closets, a full bathroom and additional hall closet space. The finished basement area includes a built in bar with flexible use options, a half bathroom, large laundry room, and storage closet. The exterior boasts a 2-car garage and a nice-sized yard, great for outdoor gatherings or gardening. Located near 70th & King Drive, close to Park Manor and Greater Grand Crossing neighborhoods. This home needs some cosmetic work but offers an incredible opportunity to create your dream home or next successful investment property.

7038 S King Drive, Chicago

$80,000
4 Beds 2 Baths 12009930 MLS CLOSED Status
"MULTIPLE OFFERS BEST AND FINALS DUE FRIDAY 08/29 BY 12PM" Auburn Gresham single-family value-add opportunity! Spacious home with potential for up to 5 bedrooms / 2 baths and recently updated with a brand-new roof. Solid structure with good bones-hardwood floors throughout. Some walls have been opened for electrical work. Property needs rehab but not a full gut-most of the heavy lifting is already done. There are existing city violations, but the majority of required work is complete. Buyer will need to meet the inspector to address minor items. Once cleared, electric can be reconnected from the street. Ideal for investors or rehabbers. Great opportunity at this price-firm, cash offers only. Property is being sold as-is and is priced to move.

8529 S Carpenter Street, Chicago

$75,000
5 Beds 2 Baths 12560525 MLS CLOSED Status
This fantastic Victorian home offering over 2,400 sq ft presents an incredible opportunity for savvy investors or owner-occupants looking to build equity. This spacious 5-bedroom, 2-bath residence in the up-and-coming Auburn Gresham neighborhood is value-priced and full of potential. Whether you're looking to flip, expand your rental portfolio, or create your dream home, this property allows you to customize it to your vision while capitalizing on strong neighborhood growth and upside potential. The full basement has a 2nd full bath and provides the opportunity to add additional living space or retain as ample storage. Conveniently located near schools, Hamilton Park Cultural Center, shopping/dining, public transportation, and I-94.

7617 S Union Avenue, Chicago

$75,000
6 Beds 3 Baths 12497760 MLS CLOSED Status
Rehab Opportunity in Woodlawn - Calling all seasoned investors! This is a total rehab being sold AS-IS. Frame 2-flat minutes from the Obama Presidential Center, University of Chicago, and South Shore Golf Course. Unit 1 is an English basement/ground-level 3-bedroom unit, currently occupied and available to show with 24-hour notice. Unit 2 offers 2 bedrooms and needs full renovation. Attic has an additional room but no staircase and is non-conforming. Building has 3 gas/electric meters (buyer to verify zoning). Gas space heaters and older mechanicals. No city violations per public record. Cash or hard money only. Seller will not provide survey or repairs. Buyer responsible for due diligence and city requirements. Upper levels require caution and may require buyer-paid access. Motivated seller!

654 E 65Th Street, Chicago



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