8414 S Aberdeen St, Chicago, IL 60620

Solid brick bungalow in Chicago’s Auburn Gresham neighborhood, with the Seller offering a rare creative finance opportunity with 15k down. This 3-bedroom, 2-bath home has approximately 1,345 square feet on the main level, with the classic layout and character you would expect from a Chicago bungalow. The property does need renovations and updating, but it offers a great opportunity for a homeowner who wants to move in and improve the home over time, or for an investor looking for a project without tying up a large amount of cash in the purchase. The full unfinished basement provides plenty of additional usable space. It includes two extra rooms that could be finished as bedrooms, a full bathroom, a built-in bar, and room for storage, recreation, a workspace, or future improvements. Outside, the home has a raised rear patio deck, a detached all-brick two-car garage, and an additional rear parking pad. The property is being offered through a subject-to and owner-financing hybrid structure. The buyer would bring $15,000 down, pay the closing costs, and take title while taking over the existing payments. The total monthly payment would be approximately $1,500, with a 12-month balloon. This gives the buyer time to renovate the property and either refinance, resell, or complete another exit strategy. The buyer will be responsible for funding the renovations through their own preferred method. The property is being sold strictly as-is.