8020 S Talman Ave

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🔥 Chicago Brick Flip | Cape Cod | $100K+ Margin 🔥

Address: 8020 S Talman Ave, Chicago, IL 60652
Price: $165,000
ARV: ~$350,000
Rehab: ~$60K–$90K
All-In: ~$225K–$255K

Property Overview

Classic 3-bed, 1.5-bath brick Cape Cod offering 1,299 sq ft + finished attic + full basement. This is a high-margin full rehab in a proven Chicago flip pocket (Beverly View).

Key Features

• 3 Beds / 1.5 Baths
• 1,299 Sq Ft + finished attic
• Full unfinished basement
• 2-Car Detached Garage (needs work)
• Brick construction
• Central A/C already installed
• Vacant (appointment only)

Condition & Scope

• Full interior renovation required
• Electrical: older (update recommended)
• Plumbing: galvanized (replace)
• Garage: repair or rebuild
• Foundation: solid (no issues)
• Windows: partial replacement
• Major upside: attic + basement expansion potential

Investment Highlights

• $95K–$125K gross margin before costs
• ARV validated by comps at $355K–$369K
• Brick Cape Cods highly desirable in this submarket
• Central A/C already in place = major cost savings
• Finished attic boosts above-grade value
• Basement adds additional equity potential

Comparable Market Proof

• 8053 S Kedzie – Listed ~$369K
• 8025 S Mozart – Listed ~$355K

👉 Market clearly supports $350K+ retail exits

Deal Potential

• Flip into $340K–$370K range depending on finish
• BRRRR with strong refinance potential
• Add bedroom/bath in basement for higher valuation

Why This Deal Stands Out

• Strong Chicago submarket (not a fringe area)
• Brick construction + solid bones
• Central air already installed (rare advantage)
• Multiple ways to increase value (attic + basement + garage)

Deal Terms

• Cash / Hard Money / Private Money
• AS-IS
• Appointment only
• Close Date: 06/25/2026

Photos
https://drive.google.com/drive/folders/1IP75yIOFuoI2hF493d5gA_0u6RfohV42?usp=sharing

⚡ Chicago Cape Cod flips with this kind of spread and location don’t sit — serious operators will move fast
 

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