Located in Chicago’s Austin neighborhood, this frame single-family home, built in 1900, offers 3 bedrooms, 1 bathroom, and 1,120 square feet of living space on a 3,100 square foot lot. The property includes an unfinished basement and is currently vacant. 

Financial Snapshot

The property is offered at a marketing price of $125,000.
The projected after-repair value (ARV) is $275,000, supported by recent comparable sales in the neighborhood:

• 5411 W Adams St – Sold for $282,000 (11/06/2024)
• 112 S Waller Ave – Sold for $359,000 (Double Lot) (07/17/2025)

Estimated rental income is $2,000 per month, with annual property taxes of $3,164.89.

Property Overview

This 3-bedroom, 1-bath single-family home offers solid ROI potential. The property features a spacious living and dining area, an eat-in kitchen, a full unfinished basement, an enclosed front porch, and a large backyard ideal for entertaining.

Located steps from Columbus Park and close to I-290 and the CTA, this property provides excellent accessibility and convenience. The home is being sold as-is — perfect for investors, rehabbers, or handymen looking to complete a renovation project.

Recently purchased but not completed, the property presents a turnkey opportunity to step in and finish what was started.

Investment Highlights

This is a value-add investment opportunity in a steadily appreciating pocket of Austin. Investors can achieve strong returns through moderate rehab and value optimization. With a projected ARV of $275,000 and solid rental demand, the property supports both fix-and-flip and buy-and-hold strategies.

Market Context

The Austin neighborhood continues to attract investors with its combination of affordability and upside potential. Over the past five years, median home values have increased by nearly 25%, driven by a wave of renovations and community reinvestment projects. Proximity to Columbus Park, reliable transportation access, and consistent rental demand make this a stable, long-term growth area for Chicago 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.