CHICAGO, IL 60628

CHICAGO, IL | CASH-FLOWING RENTAL | TENANT OCCUPIED | DOUBLE-WIDE LOT

10136 S Wallace St, Chicago, IL 60628

Asking Price: $130,000Estimated ARV: $250,000–$270,000Current Rent: $1,500/MonthClosing: On or Before December 11th, 2026

Excellent investment opportunity in Chicago's Roseland/Fernwood area! This 4-bedroom, 2-bathroom single-family home offers approximately 1,450 SQFT of living space on an oversized 50 × 125 FT double-wide lot.

With a month-to-month tenant currently paying $1,500/month, investors can acquire an income-producing property with potential rental upside and long-term appreciation opportunities.

PROPERTY SNAPSHOT

• 4 Bedrooms / 2 Bathrooms• 1,450 SQFT• Two-Story Single-Family Home• Built in 1920• Double-Wide Lot | Approx. 6,250 SQFT• Garage Parking• Tenant Occupied — Month-to-Month• Current Rent: $1,500/Month• Annual Gross Rent: $18,000• Property Taxes: Approx. $2,014/Year (2024)• Previously Used for Section 8 Rentals

CONDITION & RECENT IMPROVEMENTS

• New Water Heater Reported• Furnace Control Board Replaced• Partial Roof Replacement• Chimney, Flashing & Shingle Repairs• Previously Updated Kitchen & Bathrooms• Hardwood Flooring Reportedly Refinished• Buyer to Verify Current Condition & Improvements

RENTAL INCOME POTENTIAL

Current Rent: $1,500/MonthCurrent Annual Gross: $18,000

Estimated Market Rent: Up to $2,500/Month (Zillow Estimate)

Potential Rental Upside: Up to $1,000/Month, subject to market conditions and applicable tenancy requirements.

WHY INVESTORS SHOULD LOOK

• $130K Asking vs. $250K–$270K Estimated ARV• $120K–$140K Potential Gross Value Spread Before Costs• Existing Tenant Producing $18K Annual Gross Rent• Potential Rental Income Growth• Oversized Double-Wide Lot• Recent Mechanical & Roof Improvements Reported• Previous Section 8 Rental History• Potential Long-Term Buy & Hold / BRRRR Opportunity

POTENTIAL EXIT STRATEGIES

• Buy & Hold• BRRRR• Section 8 Rental

SUBMIT YOUR HIGHEST & BEST OFFER!

Disclosure: We are marketing our equitable interest in a Purchase and Sale Agreement. We are not the owners of the property, and this is not an offer to sell real estate. OfferProp participates in transactions as a principal, JV participant, or contractual interest holder where permitted. We do not act as a real estate broker, agent, or fiduciary unless expressly agreed in a separate, written, licensed brokerage agreement. Many opportunities involve assignment, novation, double closing, or other transfers of contractual rights or equitable interests, not the sale of real property by OfferProp LLC. Availability of services and required disclosures vary by state, property type, and transaction structure. No outcome, offer volume, pricing, or closing is guaranteed.