Located in Chicago’s Auburn Park neighborhood, this single-family brick home, built in 1885, offers 4 bedrooms, 3 bathroom, and 1,656 square feet of living space on a 4,632 square foot lot. The property includes an unfinished basement and is currently tenant-occupied. Showings are available by appointment only.

Financial Snapshot

The property is offered at a asking price of $99,000.
The projected after-repair value (ARV) is $260,000, supported by recent comparable sales in the neighborhood:

• 7421 S Eggleston Ave – Currently on the market for $262,000

Estimated rental income is $2,400 per month, with annual property taxes of $1,054.

Property Overview

This Auburn Park property is in well-maintained condition with solid bones, a new roof, and a forced-air heating system. The interior is functional but would benefit from modern updates to reach its full potential. The unfinished basement adds value for storage or future expansion possibilities.

Investment Highlights

This is a strong value-add opportunity in a neighborhood experiencing steady investor activity. The home’s solid brick construction and mechanical upgrades make it ideal for either a light-to-moderate rehab or a long-term rental hold. With a projected ARV of $260,000 and reliable rental demand, investors can expect solid cash flow and appreciation potential.

Market Context

Auburn Park has seen consistent investor interest and gradual appreciation over recent years. The area’s proximity to public transit, schools, and employment centers makes it attractive for both homeowners and tenants. Rental demand remains stable, driven by families seeking affordable housing options in Chicago’s south side neighborhoods.

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.