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Listed by Steven Rouseof Keller Williams Preferred Realty
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Est. payment /mo
New
8109 S Chappel AVE Chicago, IL 60617
4 Beds
3 Baths
1,400 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached Single
Listing Status Active
Purchase Type For Sale
Square Footage 1,400 sqft
MLS Listing ID 12795537
Bedrooms 4
Full Baths 3
Year Built 1923
Annual Tax Amount $1,832
Tax Year 2023
Lot Dimensions 30x125
Property Sub-Type Detached Single
Property Description
Investor Special / Equity Opportunity in South Shore! Significant preliminary renovation work already completed: full interior redesign, new framing for a master walk-in closet, expanded kitchen layout, initial rough plumbing, and drywall hung throughout. The heavy lifting has already begun: the property has been completely demoed with all-new framing completed throughout. It is uniquely set up to easily accommodate a dual-zone heating and cooling system. All-new main windows have been installed around the home, and new glass block windows are included with the sale.Property experienced a break-in resulting in missing copper wiring/piping and partial electrical disruption-priced accordingly at $145,000 for a quick sale. Strong comps in the immediate area support an ARV (After Repair Value) of $310,000+ with an estimated $95k completion budget, offering $75k-$80k+ potential profit margin. Sold As-Is / Cash preferred.
Location
State IL
County Cook
Rooms
Basement Unfinished, Full
Interior
Heating Gas
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Story 1.5 Story
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
HOA Fee Include None
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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