Active Open Thursday 08/13 4 PM-6 PM

7621 S Perry Avenue

Chicago, IL 60620
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Bed 4

Bed

Bath 2

Bath

SqFt1,746

Sqft

Acres0.09

Acre(Lot)

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 cre ate 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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Detail Ic Property Details

Property Type : Residential

Price : $175,000

AD Id : 89362268

MLS Id : MRD12728678

Beds : 4

Lot Size : 0.09 Acre

Living Area Size : 1,746

Year Built : 1898

Garage : 2

County : Cook

Open House Open House

  • 08/13 4 PM-6 PM
  • 08/15 4 PM-6 PM
  • Map Map

Map

Feature Features

  • Bedroom Information

    Total Bedroom: 4 Room Types: Office, Foyer, Enclosed Porch Heated, Kitchen

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Rooms Total: 10

    Interior Features

    1st Floor Bedroom Laundry Features: In Unit
  • Flooring Information

    Construction Materials: Frame
  • Heating & Cooling

    Heating: Natural Gas, Forced Air Cooling: Central Air WaterSource: Lake Michigan, Public

  • Building Information

    Year Built: 1898

  • Lot Information

    Lot Dimensions: 30X124 Lot Acres: 0.09 Lot Size: Less Than .25 Acre

    Property Information

    Property Type: Residential Style: Traditional Sub Type: Detached Single Type Detached: 2 Stories

  • Listing Price Information

    Original List Price:$175000

  • Tax Information

    Annual Tax: $2940 Tax Year: 2025 Parcel Number: 20284120070000

  • Parking Information

    Total Parking: 2 Off Alley, Yes, Garage Owned, Detached, Garage Is Parking Included in Price: Yes

    Garage Information

    Garage Space: 2

    Homeowners Association Information

    Included Fees: None

  • Utility Information

    Sewer: Public Sewer Water Source: Lake Michigan, Public
  • Location Information

    City: Chicago Direction: 79th Street to Perry Avenue, north to property.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
8914 S Normal Avenue, Chicago, IL, 60620 $349,900 5 3 2,200 2,200 SqFt
9250 S Ada Street, Chicago, IL, 60620 $195,000 7 3 1,318 1,318 SqFt
8001 S Laflin Street, Chicago, IL, 60620 $189,900 3 1 1,497 1,497 SqFt
9206 S Normal Avenue, Chicago, IL, 60620 $104,999 3 1 1,155 1,155 SqFt
7530 S Eggleston Avenue, Chicago, IL, 60620 $115,000 5 2 --
7845 S Union Avenue, Chicago, IL, 60620 $275,000 5 2 2,900 2,900 SqFt
9112 S Aberdeen Street, Chicago, IL, 60620 $359,900 5 3 3,720 3,720 SqFt
8459 S Elizabeth Street, Chicago, IL, 60620 $364,900 5 3 --
8251 S Carpenter Street, Chicago, IL, 60620 $369,900 5 4 2,600 2,600 SqFt
8906 S Hermitage Avenue, Chicago, IL, 60620 $185,000 3 3 1,785 1,785 SqFt
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ByOwner last updated this listing 08/12/2026 @ 18:20

MLS: MRED #12728678 LISTED BY: Michael Applegate, Straight-A Realty, LLC 630-288-2446 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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