1ST TIME HOME BUYERS, INVESTORS & REHABBERS - SOUTH SHORE BUNGALOW PRICED TO SELL! 7646 S. Merrill Avenue | Chicago, IL 60649 | $259,900 | AS-IS Classic 2-story Chicago brick bungalow - brick first floor, vinyl siding second floor, asphalt shingle roof, detached 2-car garage. FIRST FLOOR: Foyer, formal living room, formal dining room, 2 bedrooms, 1 full bath, hardwood floors throughout, tile in kitchen and bath, enclosed porch off dining room and kitchen. SECOND FLOOR: 2 bedrooms, 1 full bath, sitting room, plus a dormer that can be converted into a 6th bedroom or primary suite, significantly increasing the value of the home after renovation. BASEMENT: Unfinished - 5th bedroom, half bath, utility and laundry room, storage room, and plenty of open space. Your opportunity to design and build exactly what you need. This is a 5-bedroom home with the potential to become a 6-bedroom after the dormer conversion. Similar homes in South Shore have sold for $280K-$390K. The Obama Presidential Center is minutes away. South Shore is a neighborhood on the rise - now is the time to BUY. FINANCING: This property is FHA 203(K) and VA Renovation loan eligible - buy it AND fund your full rehab in ONE loan, ONE closing, ONE payment. FHA 203(K): 3.5% down, 620 minimum credit score. VA: zero down, no PMI, flexible credit. First-time buyers - this is your opportunity to build real wealth through homeownership. Sold AS-IS. No repairs. Pre-approval or proof of funds required with all offers. Distressed/foreclosure sale - special warranty deed. Allow additional time for title clearance. Contact listing agent for viewing instructions. ChatGPT AI was used to review this narrative.
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