Located in Chicago’s Archer Heights neighborhood, this single-family brick home, built in 1970, offers 6 bedrooms, 2.5 bathrooms, and 1,120 square feet of living space on a 2,500 square foot lot. The property features a finished basement that adds valuable livable space and potential for an in-law suite or duplex setup. The home is tenant-occupied and showings are available by appointment only.

Financial Snapshot

The property is offered at a marketing price of $340,000. The projected after-repair value (ARV) is $415,000, supported by recent comparable sales in the neighborhood:

• 4630 S Karlov Ave – Renovated, sold for $415,000 (06/27/2025)
• 4733 S Kenneth Ave – Updated, sold for $400,000 (10/15/2025)

Estimated rental income is $3,000 per month, with annual property taxes of $2,691.

Property Overview

This modernized brick home offers a move-in ready or light-touch investment opportunity. With 6 total bedrooms (3 up / 3 down) and 2.5 bathrooms, the property provides flexibility for multi-generational living or dual-tenant arrangements. The finished basement enhances livable space and supports income potential.

Recent updates include renovated kitchens and bathrooms, modern finishes, and functional layouts designed for today’s renters and buyers. The home enjoys ample natural light, a large living area, and a turnkey condition, minimizing upfront investment for buyers.

Investment Highlights

This is a high-demand rental and resale property in a growing neighborhood. With updated interiors and multi-unit potential, investors can achieve strong returns through either a buy-and-hold or flip strategy.

• 6 Beds | 2.5 Baths | Fully Updated 
• Finished Basement | In-law Suite Potential 
• Turnkey Condition | Strong Rental Demand 

Market Context

Archer Heights continues to show steady property value growth, driven by proximity to Midway Airport, I-55, and the Orange Line, making it attractive for commuters and working families. Home prices have trended upward, with well-updated homes selling quickly. The rental market remains competitive, offering dependable occupancy and returns for investors.

Terms

Cash or hard-money buyers only. Seller financing is not available.

Contact

For all inquiries, showing requests, or additional information, please call 1-888-775-4570 or email sales@sharpedgeproperty.com.