7018 S Calumet Ave

This is a 1,742-SF, 4 bedroom, 2.5 bath single-family home on an approximately 4,830 sq ft lot in Chicago’s Park Manor area. Property is ready for updating, needing minor work with a partially finished basement/in-law setup and extra-deep lot. For an investor, the combination of large living area, basement utility, and relatively low entry price creates several potential strategies, including renovation and resale or a hold for rentals. Nearby properties show a wide range of values, so the real opportunity comes down to controlling the renovation budget. If you're looking for a Chicago value-add property with room to create equity, this is the one.