7621 S Perry Avenue, Chicago, IL 60620
Local realty services provided by:ERA Partners
7621 S Perry Avenue,Chicago, IL 60620
$175,000
- 4 Beds
- 2 Baths
- 1,746 sq. ft.
- Single family
- Pending
Listed by: michael applegate, brittany jones
Office: straight-a realty, llc.
MLS#:12728678
Source:MLSNI
Price summary
- Price:$175,000
- Price per sq. ft.:$100.23
About this home
Rare opportunities like this don't come around often. Welcome to one of the best value opportunities in Greater Grand Crossing! Offered on the MLS for the first time, this longtime family-owned home offers approximately 1,746 square feet, 4 bedrooms, 2 full bathrooms, two kitchen areas, a full basement, detached garage, and an oversized approximately 30' x 124' lot-all for just $175,000. The math here is what makes this property so exciting. While every buyer should perform their own due diligence, beautifully renovated homes of similar size within roughly one mile have recently sold from the mid-$300,000s to nearly $400,000 depending on layout, quality of finishes, and improvements. That means you're buying at less than half the price of many nearby renovated homes, giving you room to create your own vision instead of paying top dollar for someone else's finishes. Even if a buyer invested significant money into renovations over time, there may still be substantial equity potential based on surrounding renovated sales. Better yet, you don't have to renovate immediately. This home is livable today, allowing you to move in, enjoy the home, and update it at your own pace as your budget allows. Major improvements already completed include a newer furnace, newer hot water heater, chimney improvements, updated mechanical components, and newer washer and dryer, giving you an excellent head start. The flexible layout is another huge bonus. Although currently configured as a single-family home, it features two kitchen areas, including a second-floor kitchenette, making it ideal for related living, multi-generational households, adult children, guests, or buyers seeking additional flexibility. Buyers may also wish to independently explore future conversion possibilities subject to zoning and City approval. This property is an outstanding candidate for FHA 203(k), Fannie Mae HomeStyle, VA Renovation, or Conventional Renovation financing, giving qualified buyers the opportunity to finance eligible improvements and truly make the home their own. The full basement offers abundant storage and future possibilities, while the detached garage and oversized backyard provide space that is becoming increasingly difficult to find in the city. Located in the heart of Greater Grand Crossing, you'll enjoy convenient access to CTA and Metra transportation, I-94, parks, schools, shopping, restaurants, and the growing investment taking place throughout Chicago's South Side. Whether you're a first-time buyer looking to build wealth through homeownership, someone searching for a home with room for extended family, or simply a buyer who recognizes the value of purchasing below surrounding renovated values, this is the type of opportunity that rarely becomes available. Buy the space. Buy the lot. Buy the location. Build the equity. Homes offering this much size, flexibility, and upside at this price are becoming increasingly difficult to find!...
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Home facts
- Year built:1898
- Listing ID #:12728678
- Updated:September 30, 2026 at 09:22 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:10
- Dining Description:Separate Dining Room
- Kitchen Description:Kitchen
- Basement Description:Full, Unfinished
- Living area:1,746 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Natural Gas
- Central air:Yes
Structure and exterior
- Year built:1898
- Building area:1,746 sq. ft.
- Lot area:0.09 Acres
- Architectural Style:Traditional
- Levels:2 Story
Utilities
- Water:Lake Michigan, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$175,000
- Price per sq. ft.:$100.23
- Tax amount:$2,940 (2025)
Parking
- Total parking spaces:2
- Parking description:Detached Garage, Garage, Off Alley
- Garage:Yes
- Garage spaces:2
Copyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed. MLSNI Member Broker: Frank ScibiorNew listings near 7621 S Perry Avenue
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