Fully Renovated 5-Bedroom Property + RARE 4-LOT ASSEMBLAGE! Exceptional development opportunity in Chicago's emerging Brainerd corridor. This completely renovated turnkey property sits on a rare 4-lot assemblage, offering immediate income potential PLUS significant future development upside for experienced or emerging developers. LAND OPPORTUNITY - THE REAL STORY: Oversized lot includes 3 ADDITIONAL parcels Massive development potential for multi-unit, mixed-use, or land banking Rare assemblage in emerging South Side corridor Hold and operate current property while planning future development Perfect for developers seeking entry into Chicago's high-growth South Side market CURRENT PROPERTY FEATURES: 5 bedrooms + flex office/bonus room 2 completely updated bathrooms All-new systems: HVAC, water heater, energy-efficient windows Formal living/dining rooms with modern fixtures Full basement for storage/additional living space Brick 2-car garage + covered parking port Brand new security system with cameras Solar flood lights on house and garage Zero deferred maintenance - turnkey STRATEGIC LOCATION: 87th Street commercial corridor with strong retail/dining activity Direct access to Dan Ryan Expressway (I-57) for easy downtown commute Metra Rock Island Line proximity Established schools: Brainerd Elementary, Morgan Park High School Parks and recreation within walking distance MULTIPLE VALUE-ADD STRATEGIES: Developers: Hold income-producing property while securing permits for future development Investors: Strong rental cash flow on existing improved property House Hackers: Live-in while renting rooms for immediate income Family Home: Spacious residence with exceptional outdoor space Land Bank: Secure oversized lot in appreciating South Side market FINANCING OPTIONS: Qualifies for FHA, VA, and conventional financing for both owner-occupants and investors. This rare opportunity combines immediate turnkey rental income with long-term development potential. The 4-lot assemblage positions savvy investors and developers to capitalize on Chicago's South Side growth trajectory. Ready to explore the possibilities? Contact us for lot surveys, development analysis, rent comps, and private showing

Listing Courtesy of MRED as distributed by MLS Grid of Keller Williams ONEChicago



Based on information submitted to the MLS GRID as of 2025-12-15 06:25 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-12-15 06:25 AM UTC
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