8033 S Manistee Ave

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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

• 3 Beds / 1.5 Baths
• 1,549 Sq Ft
• 3,100 Sq Ft Lot
• Built in 1900
• Frame construction

Condition & Scope

• Full gut rehab required
• Mechanical systems unknown
• Vacant property
• Opportunity for full redesign and modernization

Investment Highlights

• ~$185K+ spread to ARV
• Large square footage supports higher resale value
• Strong rental demand (~$1,690–$1,800/month)
• Ideal for fix & flip or BRRRR strategy

Comparable Sales

• 8410 S Jeffery Blvd – Sold $229,000 (4/2, 1,236 sq ft)
• 769 E 82nd St – Sold $45,000 (5/2, distressed comp)
• 10310 S Hoxie Ave – Sold $40,000 (3/1, distressed comp)

Deal Potential

• Flip into the ~$210K–$240K range depending on finishes
• Rental with strong cash flow post-rehab
• Opportunity to force significant equity

⚡ Deep discount Chicago deals with this kind of spread don’t last — move quickly
 

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Resources:

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• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.
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