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Listed by Dawn Haleyof ASAGA Realty & Housing Development
$ 99,900
Est. payment /mo
Active Under Contract
7251 S Ridgeland Avenue #E Chicago, IL 60649
2 Beds
1.5 Baths
936 SqFt
UPDATED:
Key Details
Property Type Townhouse
Sub Type Townhouse-2 Story
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 936 sqft
Price per Sqft $106
MLS Listing ID 12454373
Bedrooms 2
Full Baths 1
Half Baths 1
Year Built 1965
Annual Tax Amount $1,315
Tax Year 2023
Lot Dimensions 20X20
Property Sub-Type Townhouse-2 Story
Property Description
Please don't let the extended marketing timeline discourage you from considering this property. The home initially required Probate, which created unavoidable delays. It was then rescued from foreclosure, and the Executor chose to complete a full renovation to better position it for prospective buyers, adding additional time but significantly enhancing its value. This renovated South Shore townhome offers an excellent investment opportunity, whether you're targeting rental income, affordable housing demand, or short-term rental potential via Airbnb. Inside, you'll find space with wood laminate flooring throughout, along with updated kitchen and bathrooms designed to appeal to both owner-occupants and renters. The upper level features a relaxing Jacuzzi bath, while a main-level half bath adds convenience and practicality. A fully finished basement offers valuable, flexible space-ideal for a family room, office, or entertainment area-that enhances both livability and rental appeal. Located just minutes from the lakefront, key cultural attractions, and the future Obama Presidential Library, this property is well-positioned for long-term appreciation and strong tenant demand. With no HOA fees, you'll also benefit from lower ongoing expenses and improved cash flow. Move-in ready and low-maintenance, this home combines modern upgrades with a prime location. Schedule a viewing today to see the income and value potential for yourself.
Location
State IL
County Cook
Rooms
Basement Partially Finished, Full
Interior
Heating Natural Gas
Cooling None
Fireplace N
Exterior
Community Features None
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Pets Allowed Cats OK, Dogs OK
HOA Fee Include None
Ownership Fee Simple
Special Listing Condition None
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