8916 S Eggleston Avenue Chicago IL 60620 MLS #MRD12203439

***Asking price only $199,000 – Estimated After-Repair-Value is $272,000*** Discover an ideal opportunity to customize your dream home or make a smart investment in Auburn Gresham! Located at 8916 S. Eggleston, this solid brick, tri-level home offers immense potential for both owner-occupants and investors. With a price that’s designed to offer great value, this property provides the perfect canvas for adding personal touches and upgrades, all while leaving plenty of equity for the future. Renovated, comparable single-family homes within a one-mile radius have recently sold for an average of $272,000, underscoring the property’s strong potential for growth! Spanning over 1,900 square feet, this spacious home boasts three well-designed levels, plus a finished partial basement. With four generously sized legal bedrooms, two full bathrooms, and a large family room, it’s an excellent fit for a variety of lifestyles. The charming galley-style kitchen flows seamlessly into the open living and dining areas, making it easy to entertain and live day-to-day. Notable updates include a brand-new tear-off roof on both the house and garage, with new gutter guards installed (2023), updated electrical (2010), central air, forced heat, newly installed gas lines extending to the city street (2024), and an annually serviced HVAC system. The exterior was freshly painted in August 2024. Inside, there’s a new furnace and water heater (2024), 17 feet of brand-new attic insulation, insulation behind basement walls, updated bathroom vents, new CO2 detectors throughout, and a newly installed oven range that vents outside. This property is a perfect candidate for an FHA 203K buyer who wants to add their personal style and build equity. You’ll uncover the original hardwood floors, beautifully preserved beneath the carpet for decades, and have the chance to update the kitchen, family room, and living/dining areas with modern touches. The possibilities are endless! While the home lacks a backyard, there is an exciting possibility to secure the adjacent lot through a separate purchase. This could offer an excellent opportunity to create a private fenced side yard, perfect for relaxing or entertaining. Renovated 4-bedroom homes within a one-mile radius have rented for an average of $2,838 per month over the past 12 months, making this property a strong rental opportunity as well! This Auburn Gresham gem also features a spacious 2-car garage and is situated on a well-maintained block, offering convenience with schools, shopping, and transit just moments away. It has been lovingly cared for by two generations of the same family and is ready for its next chapter. With a price designed to sell and packed with potential, this property is an exceptional find in a vibrant, growing community. Don’t miss your chance to uncover the value and make it your own! Property will be sold as-is, and certain fixtures, appliances, and furniture may not be included in the sale. Photos have been rendered to show the home empty, as it is currently owner-occupied. The property will be vacant by or before closing.