7225 S Princeton Avenue
Chicago, IL 60621
- 6 beds
- 3 baths
- 6,200 sqft
- 6,199 sqft lot
- $48 per sqft
- – on site
Investor Special - Massive Value-Add Opportunity at 7225 S Princeton Ave, Chicago, IL 60621 Welcome to an incredible opportunity in the heart of Greater Grand Crossing! This expansive 6-bedroom, 3-bathroom single-family home with a garage offers over 6,000 square feet of living space, presenting endless potential for investors and developers ready to take advantage of Chicago's south side momentum. Located in one of the city's fastest-growing and most revitalized neighborhoods, this solid property is a true blank canvas. Whether you're looking to fix & flip, implement the BRRRR strategy, or hold as a long-term cash-flow rental, this project checks all the boxes. The home's massive footprint and layout make it ideal for converting into 3-4 separate rental units, allowing for increased income and scalability. Greater Grand Crossing continues to experience steady growth, thanks to city-led redevelopment efforts, infrastructure investment, and a rising tenant population. Savvy investors are already targeting the area-and this is your chance to get in while values are climbing and inventory is low. This property is being sold AS-IS by a motivated seller, offering a rare chance to build instant equity. Bring your contractors, designers, and best offer-this is a project with serious upside. Property Highlights: 6 Bedrooms / 3 Bathrooms - Over 6,000 sq ft of living space - Detached garage + multi-unit conversion potential - Located in a rapidly developing neighborhood - High rental demand & strong comps nearby - Perfect for flip, rental portfolio, or full redevelopment This is more than just a house-it's a chance to secure a high-yield investment in a neighborhood on the rise. Opportunities like this at 7225 S Princeton Ave don't come around often. Act fast and turn this into your next success story!
Last checked:
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Last updated Apr 21, 2025
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MLS# 12343120 —
The Building
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Rebuilt:No
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New Construction:false
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Basement:Unfinished, Full
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Disability Access:No
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Living Area Source:Estimated
Interior
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Room Type:Bedroom 5, Bedroom 6
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Rooms Total:9
Room Dimensions
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Living Area:6200
Location
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Directions:71st to Princeton south to property
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Location:28511
The Property
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Parcel Number:20282100080000
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Property Type:Residential
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Lot Size Dimensions:50X124
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Lot Size Acres:0.1423
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (847) 737-5037
- Office phone:
- (847) 737-5037
Taxes
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Tax Year:2022
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Tax Annual Amount:1336.93
Beds
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Bedrooms Total:6
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Bedrooms Possible:6
Baths
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Baths:3
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Full Baths:3
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Radiator(s)
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Cooling:None
Utilities
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Sewer:Other
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Water Source:Lake Michigan
Schools
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Elementary School District:299
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Middle Or Junior School District:299
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High School District:299
The Community
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Association Fee Includes:None
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Association Fee Frequency:Not Applicable
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Master Assoc Fee Frequency:Not Required
Parking
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Parking Total:2
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Parking Features:On Site, Garage Owned, Detached, Garage
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Garage Spaces:2
Monthly cost estimate
Asking price
$299,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,601
|
| Taxes | $111 |
| Insurance | $82 |
| Utilities | N/A |
| Total | $1,794/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/20/25
Apr 20, 2025
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Listed / Active | MRED | $299,000 | |
|
2/15/25
Feb 15, 2025
|
Listed / Active | MRED | ||
|
1/21/25
Jan 21, 2025
|
Listed / Active | MRED |
