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Jessika Bennett

jgbennettrealtor@gmail.com +1(331) 684-5003

$175,000

Est. payment - /mo

4 Beds

2 Baths

1,746 SqFt

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Open House

Thu Aug 13, 3:00pm - 5:00pm

Sat Aug 15, 3:00pm - 5:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached Single

Listing Status Active

Purchase Type For Sale

Square Footage 1,746 sqft

Price per Sqft $100

MLS Listing ID 12728678

Style Traditional

Bedrooms 4

Full Baths 2

Year Built 1898

Annual Tax Amount $2,940

Tax Year 2025

Lot Size 3,920 Sqft

Lot Dimensions 30X124

Property Sub-Type Detached Single

Property Description

Rare opportunities like this don't come around often. Welcome to one of the best value opportunities in Greater Grand Crossing! Offered on the MLS for the first time, this longtime family-owned home offers approximately 1,746 square feet, 4 bedrooms, 2 full bathrooms, two kitchen areas, a full basement, detached garage, and an oversized approximately 30' x 124' lot-all for just $175,000. The math here is what makes this property so exciting. While every buyer should perform their own due diligence, beautifully renovated homes of similar size within roughly one mile have recently sold from the mid-$300,000s to nearly $400,000 depending on layout, quality of finishes, and improvements. That means you're buying at less than half the price of many nearby renovated homes, giving you room to create your own vision instead of paying top dollar for someone else's finishes. Even if a buyer invested significant money into renovations over time, there may still be substantial equity potential based on surrounding renovated sales. Better yet, you don't have to renovate immediately. This home is livable today, allowing you to move in, enjoy the home, and update it at your own pace as your budget allows. Major improvements already completed include a newer furnace, newer hot water heater, chimney improvements, updated mechanical components, and newer washer and dryer, giving you an excellent head start. The flexible layout is another huge bonus. Although currently configured as a single-family home, it features two kitchen areas, including a second-floor kitchenette, making it ideal for related living, multi-generational households, adult children, guests, or buyers seeking additional flexibility. Buyers may also wish to independently explore future conversion possibilities subject to zoning and City approval. This property is an outstanding candidate for FHA 203(k), Fannie Mae HomeStyle, VA Renovation, or Conventional Renovation financing, giving qualified buyers the opportunity to finance eligible improvements and truly make the home their own. The full basement offers abundant storage and future possibilities, while the detached garage and oversized backyard provide space that is becoming increasingly difficult to find in the city. Located in the heart of Greater Grand Crossing, you'll enjoy convenient access to CTA and Metra transportation, I-94, parks, schools, shopping, restaurants, and the growing investment taking place throughout Chicago's South Side. Whether you're a first-time buyer looking to build wealth through homeownership, someone searching for a home with room for extended family, or simply a buyer who recognizes the value of purchasing below surrounding renovated values, this is the type of opportunity that rarely becomes available. Buy the space. Buy the lot. Buy the location. Build the equity. Homes offering this much size, flexibility, and upside at this price are becoming increasingly difficult to find!

Location

State IL

County Cook

Area Chi - Greater Grand Crossing

Rooms

Basement Unfinished, Full, Walk-Out Access

Interior

Interior Features 1st Floor Bedroom

Heating Natural Gas, Forced Air

Cooling Central Air

Fireplace N

Laundry In Unit

Exterior

Garage Spaces 2.0

Community Features Sidewalks, Street Paved

Building

Dwelling Type Detached Single

Building Description Frame, No

Sewer Public Sewer

Water Lake Michigan, Public

Level or Stories 2 Stories

Structure Type Frame

New Construction false

Schools

School District 299 , 299, 299

Others

HOA Fee Include None

Ownership Fee Simple

Special Listing Condition None

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Listed by Michael Applegate of Straight-A Realty, LLC

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Jessika Bennett

Broker | License ID: 475.193596

+1(331) 684-5003

7621 S Perry AVE Chicago, IL 60620

Jessika Bennett

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

7621 S Perry AVE