FOR SALE BY OWNER
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8414 S Aberdeen St, Chicago, IL 60620
8414 S Aberdeen St, Chicago, IL 60620, Chicago, IL 60620
$205,000
$152/sq ft
3 Beds
2.0 Baths
1,345 Sq Ft
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About This Property
Solid brick bungalow in Chicago’s Auburn Gresham neighborhood, available with a rare creative finance opportunity.
This three-bedroom, two-bath home has approximately 1,345 square feet on the main level, with the classic layout and character you would expect from a Chicago bungalow. The property does need renovations and updating, but it offers a great opportunity for a homeowner who wants to move in and improve the home over time, or for an investor looking for a project without tying up a large amount of cash in the purchase.
The full unfinished basement provides plenty of additional usable space. It includes two extra rooms that could potentially be finished as bedrooms, a full bathroom, a built-in bar, and room for storage, recreation, a workspace, or future improvements.
Outside, the home has a raised rear patio deck, a detached all-brick two-car garage, and an additional rear parking pad.
The property is being offered through a subject-to and owner-financing hybrid structure. The buyer would bring $15,000 down, pay the closing and transaction coordination costs, and take title while taking over the existing payments. The total monthly payment would be approximately $1,500, with a 12-month balloon. This gives the buyer time to renovate the property and either refinance, resell, or complete another exit strategy.
The buyer will be responsible for funding the renovations through their own preferred method. The property is being sold strictly as-is.
The home is currently tenant-occupied, with the tenant scheduled to move out by July 31. Walkthroughs are available with reasonable notice.
Property Type
Single Family
Year Built
1920
Lot Size
4,000 sqft
Heating
Radiant; Other
Cooling
Other
Features & Amenities
Interior Features
- Brick
- Dryer
- Garage - Detached
- Hardwood
- Laminate
- Off-street
- Other
- Radiant
- Shake / Shingle
- Stone
- Unfinished
- Washer
Property Owner
PO
Property Owner
Property Owner
Schedule a Showing
Get Pre-Approved for Your Home Loan
Complete the form below to get pre-approved for your home loan. This will help you understand your budget and show sellers you're a serious buyer.
Mortgage Calculator
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Estimated Monthly Payment
$1,396
Payment Breakdown
Principal & Interest
$1,091
Property Tax
$205
Home Insurance
$100
HOA Fees
$0
Loan Amount
$164,000
Total Interest Paid
$228,795
Total Cost
$392,795