Oak Park, IL Bungalow

Here’s a cute bungalow in Oak Park, a high-demand suburb of Chicago, listed for $159,900. The foreclosee paid $301,000 a few years ago (1/1/2005), and Zillow.com estimates that this house is currently worth $268,500, well over $100,000 more than its current listing price.


This house just needs some minor cosmetic work to make it ready for occupancy. As a rental property, this house could bring in $1,200 to $1,400 per month, so it could be a potential winner for an investor. It could also be a great house for an owner-occupant. The amount of cosmetic work and renovating to be done could be as little as a couple thousand or as much as $10,000 to $20,000, if a new kitchen and other amenities are desired. The house is habitable as-is, so minimal work needs to be done to bring it back into full service.



The basics...
Address: 1015 South Cuyler Avenue, Oak Park, IL 60304
Current Listing Price: $159,900
PREVIOUS Sale Price: $301,000 (1/11/2005)
Size: 2 Bedrooms, 1 Bathroom; 792 square feet
Lot: .09 acres

http://www.realtor.com/realestate/oak+park-il-60304-1101219403/