Listing Description
Calling all investors! This 1.5-story home is the ultimate value-add project in the highly acclaimed Grant Park School District. Reduced to $100,000 (reflecting the need for structural floor framing and some foundation corrections needed), this property offers massive equity potential for a flip or a high-performing addition to your rental portfolio once repairs are complete. Much of the heavy lifting has already been done; the home was gutted to the studs approximately 15 years ago and reconstructed with PVC plumbing, copper, updated electrical, and energy-efficient insulation. The main floor features a versatile layout with a sun-drenched living room, formal dining, and a convenient first-floor bedroom and laundry. Upstairs, you'll find a second bedroom and a spacious loft-perfect for a home office, creative studio or potential 3rd bedroom conversion. Notable recent updates include a new water heater (2025), a newer roof (~5 years), and a refreshed covered front porch (2025). The sizable yard and massive 3-car detached brick garage-perfect for a workshop-provide the "home oasis" feel that future tenants or buyers crave. PLEASE NOTE: Property is being sold AS-IS and is not suitable for traditional financing (CASH or REHAB LOANS ONLY). Located just minutes from local shopping and dining, this home offers a relaxed pace while remaining a commuter's dream-just 55 minutes to Chicago and 20 minutes to the Bourbonnais retail hub. Bring your vision and start your next chapter here!