Experienced investors. Bring your vision to this two-story frame residence offers four bedrooms, two bathrooms. Convenient access to major transportation routes adds to the investment potential. Bring your contractor, complete your due diligence and explore the possibilities offered by this sizable lot. Drive-by access only at this time. Property sold strictly As-Is, Where-Is. Buyer responsible for all inspections, municipal research and due diligence.
Greater Grand Crossing, located between Washington Park and Chatham, is a residential and historic Chicago neighborhood with a rail-lined street grid and classic brick two-flats. The neighborhood’s character concentrates around 75th Street and South Chicago Avenue, where corner groceries, barbershops, carryouts, and storefront churches set a steady, lived-in rhythm. Architectural details lean toward early-20th-century masonry flats, greystones, and bungalow blocks with deep front yards. The former Park Manor station site and the Metra Electric tracks mark the area’s industrial-era geography. Theaster Gates’ Stony Island Arts Bank and the South Shore Cultural Center sit nearby as cultural anchors tied closely to local life.
Provided by Walk Score and Local Logic
Market insights
7048 S Perry Ave · $49,900
DAYS ON MARKET
21 days
The average home goes pending in 51 days.
SALE-TO-LIST
100.6%
Most homes are selling 1% above list price.
LIST PRICE
$49,900
Median list price in this area is $386,546. (675% higher than this home)
PRICE DROP
0 price drops
14% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Living
Interior features
Seven total rooms
Unfinished full basement
Bedrooms
Four bedrooms total
Master bedroom on the second level (approx. 14 x 12)
Second bedroom on the second level (approx. 14 x 12)
Third bedroom on the second level (approx. 12 x 10)
Fourth bedroom on the second level (approx. 12 x 10)
Bathrooms
Two full bathrooms
Kitchen
Main-level kitchen (approx. 10 x 8)
Laundry & utility
Laundry room
Heating & cooling
Natural gas heating
Exterior features
Lot under 0.25 acre (approx. 5,250 sq ft)
Commuter bus and commuter train access
Home design
Detached single-family home
Two-story layout
Fee simple ownership
Property over 100 years old
Built before 1978
Construction
Vinyl siding
Utilities
Public water
Public sewer
HOA & community
No master association fee required
Other
Directions: I-90 E/I-94 E to 71st to S Perry
Within Chicago corporate limits
Electricity and solar
View estimated energy costs and solar savings for this home
The primary purpose of the RS districts is to accommodate the development of detached houses on individual lots. It is intended that RS zoning be applied in areas where the land-use pattern is characterized predominately by detached houses on individual lots or where such a land use pattern is desired in the future. The Zoning Ordinance includes three RS districts - RS3 - which are differentiated primarily on the basis of minimum lot area requirements and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Other
Infrastructure
Educational / school
Library
Recreation
Cemetery
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 100° expected this year, 15 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60621
Average low and high temperatures (°F)
30
18
39
25
54
36
61
44
67
52
80
65
85
71
81
67
79
62
68
52
52
40
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
This home ranks in the top 10% for direct sun exposure in Chicago. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.9 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 7048 S Perry Ave
$46,631
$3,269 under list price of $50K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $60K to $232K.