Chicago Investment Opportunity! Located at Hermitage Ave. this South Side property offers great potential for investors looking for their next fix-and-flip or rental investment.
Transaction Details
Walkthrough Date: Call for appointment
Closing Date: November 16, 2026
Occupancy: Occupied
Access instructions: Call for access
Title company: Chicago Title Insurance Company
Earnest money required: $10,000
Proof of funds required: Yes
Property Condition
Roof: Multiple layers od worn and damaged shingles. Gutters have been removed. Roof will require tear off and replace.
HVAC: No air conditioner. Furnace is from 2016. Water heater is from 2008. Water heater is electric, not gas.
Plumbing: Sewer and drain lines are rusted. Present leakage with standing water in basement.
Electrical: Open breaker slots on main panel. A few areas of exposed wiring. Electric service is 200Amp.
Foundation: Areas of cracking and flaking on foundation walls.
Interior: All walls and ceilings will need repaired and painted.
Other Property Details: Porches, sidewalks and stairwell are cracked and damaged. Imporper support under front bay windows.Chimney brickwork damaged in basement. Mold on walls and ceilings of multiple rooms. Strong odorthroughout home from multiple cats in home.
Comparables
8419 S Wood St. Chicago, IL 60620 — sold for $309,900 on 05/07/2026.
8824 S Wood St. Chicago, IL 60620 — sold for $325,000 on 06/18/2026.
8354 S Winchester Ave. Chicago, IL 60620— sold for $360,000 on 08/19/2026.
Next Steps
Contact Marilyn at 708-960-8066 for more information
Schedule a property walkthrough
Make an offer directly on this page
Submit proof of funds
Sign assignment agreement
Disclaimers IMPORTANT: This listing represents an assignment of a purchase contract, not a direct property sale. The advertised price includes the original contract price plus an assignment fee. Buyer is responsible for conducting their own due diligence. All information provided is believed to be accurate but not guaranteed. This opportunity is offered to qualified real estate investors only. This is not a retail property listing and no real estate agent relationships are implied or established through this marketing material. Do not contact the owner or attempt to negotiate directly. Unauthorized contact or interference with the contract may result in legal action.
*Seller of this property either owns or has equitable contractual interest in the properties marketed
*Seller has exclusively relied upon the information listed within the MLS, County Assessor's office, and Property Tax office to determine all measurements including lot size, square footage, number of bathrooms, number of bedrooms, number of total rooms, zoning, permitted and prohibited uses, construction materials, parking, year of construction, and all other pertinent data relating to the physical improvements and land area of the subject property. Buyer acknowledges and accepts that seller makes no representations and warranties of any kind, whatsoever, as to the actual conditions that may exist within or around the property, and buyer acknowledges that it has conducted its own investigation of these facts, and is purchasing the subject property based upon its own conclusions. Buyer expressly acknowledges that it is purchasing the property in "as is, where is' ' condition.
**Elevated Offers is owned and operated by IL and IN licensed realtors.
Time-sensitive opportunity - this contract is being offered to multiple investors
More About This Property
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ARV $300,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $363,000.