Active Properties
8430 S Baltimore Ave Chicago, IL 60617 - Full Rehab
Prime Investment Opportunity – Single Family Residence | Unmatched Potential for Investors
PROPERTY Details
1,013 Sq. Ft.
3,025 Sq Ft Lot
Bed/Bath: 3 bed - 1 bath
Repairs Needed
Needs full rehab
infrastructure & UTILITIES
Roof: Needs Repair
Plumbing : In working order
Electrical: In good working order, no known issues
HVAC & Hot water heater: Will need new
Water & gas are currently off. Electricity is off.
Rehab Needed
Don’t miss this rare investment opportunity. This property needs a full rehab, making it an ideal project for investors looking to add value. Whether you’re planning to renovate and hold for steady cash flow or flip for profit, this below-market-value property offers great potential for strong returns!.
Asking Price
Cash Only
Multiple Exit Strategies!
Asking Price: $48k
ARV: $210k-220k
Estimated Repairs: $45k-$55k
Comps:
https://www.zillow.com/homedetails/8409-S-Brandon-Ave-Chicago-IL-60617/4028615_zpid/
https://www.zillow.com/homedetails/8346-S-Baltimore-Ave-Chicago-IL-60617/4028267_zpid/
closing/touring details
$5k EMD to title upon execution of assignment of purchase agreement
The property is currently boarded up by owner but can be accessed to tour.
COE before 1/16/25
AREA INSIGHTS
Real Estate Market Trends:
Real Estate Market Trends:.
Market Competitiveness:
Homes in 60617 typically sell in 35 to 45 days, indicating a moderately competitive market with strong interest from both owner occupants and investors.
▪ Value Add Potential:
The area offers significant upside through cosmetic rehabs and light renovations. Many properties were built prior to 1970 creating opportunities to force appreciation through updates while staying within affordable price points.
▪ Rental Income:
Average rents range from $1,300 to $1,450 per month depending on condition and bedroom count. Investors acquiring below market value can achieve solid cash flow with stable tenant demand.
▪ Neighborhood Growth:
The South Shore area continues to benefit from ongoing revitalization efforts infrastructure improvements and proximity to Lake Michigan and public transit which supports long term appreciation and rental stability.