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🔥 Chicago Deep Discount Deal | Full Rehab | Massive Spread 🔥
Address: 8033 S Manistee Ave, Chicago, IL 60617
Price: $45,000
ARV: ~$230,000
Estimated Rehab: ~$100,000
Property Overview
Large 3-bed, 1.5-bath frame single-family home offering 1,549 sq ft. This is a full rehab opportunity with a massive spread—ideal for experienced investors looking for a high-margin flip or rental.
Key Features
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3 Beds / 1.5 Baths
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1,549 Sq Ft
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3,100 Sq Ft Lot
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Built in 1900
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Frame construction
Condition & Scope
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Full gut rehab required
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Mechanical systems unknown
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Vacant property
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Opportunity for full redesign and modernization
Investment Highlights
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~$185K+ spread to ARV
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Large square footage supports higher resale value
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Strong rental demand (~$1,690–$1,800/month)
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Ideal for fix & flip or BRRRR strategy
Comparable Sales
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8410 S Jeffery Blvd – Sold $229,000 (4/2, 1,236 sq ft)
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769 E 82nd St – Sold $45,000 (5/2, distressed comp)
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10310 S Hoxie Ave – Sold $40,000 (3/1, distressed comp)
Deal Potential
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Flip into the ~$210K–$240K range depending on finishes
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Rental with strong cash flow post-rehab
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Opportunity to force significant equity
⚡ Deep discount Chicago deals with this kind of spread don’t last — move quickly
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