1531 E 86th Street, Chicago IL 60619
$265,000

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Property Description

Exceptional opportunity for a savvy buyer, investor, or rehab-minded homeowner to add value to a spacious, extensively updated bungalow with tremendous upside potential. This home offers three levels of living space and many major improvements already completed, allowing the next owner to focus on finishing the remaining work and maximizing equity. The main level features formal living and dining rooms that flow into a beautifully updated kitchen with quartz countertops and stainless steel appliances. Two bedrooms and a full bath complete the first floor. The finished attic provides two additional bedrooms and a third full bath, creating flexible space for extended family, guests, or work-from-home needs. The basement includes a large recreation area, two bedrooms, and a second full bath. Several months ago, a water intrusion event occurred, and approximately 3 feet of drywall was removed as a precaution. The basement will require repair and finishing, presenting an excellent opportunity for buyers who recognize value and are willing to complete the work. A drain tile system is recommended to enhance long-term water management and provide additional peace of mind. Much of the heavy lifting has already been done, with updates including windows, hardwood floors, insulation, mechanical systems, fixtures, a high-efficiency furnace, and central air conditioning. A 2-car garage completes the property. Sold As-Is. Ideal for investors, contractors, or owner-occupants looking to build equity in a large home with significant updates already in place. This is an opportunity to purchase below the cost of a fully finished comparable property and customize the remaining improvements to your own specifications.

Features & Information

Key Details

  • List Price $265,000
  • Property Taxes $2,887
  • Square Feet 0
  • Status Active
  • Market Time 28

Rooms

  • Total Rooms 11
  • Number of Bedrooms 4
  • Number of Bathrooms 3
  • Primary Bedroom

  • Room Size 23X16
  • Floor Level Main
  • Flooring Carpet
  • Primary Bathroom None
  • Bedroom 2

  • Room Size 25X16
  • Floor Level Second
  • Flooring Carpet
  • Bedroom 3

  • Room Size 10X10
  • Floor Level Main
  • Flooring Carpet
  • Bedroom 4

  • Room Size 12X10
  • Floor Level Main
  • Flooring Carpet
  • Bedroom 5

  • Room Size 10X16
  • Floor Level Basement
  • Flooring Carpet
  • Bedroom 6

  • Room Size 10X17
  • Floor Level Basement
  • Flooring Carpet
  • Living Room

  • Room Size 16X22
  • Floor Level Main
  • Flooring Hardwood
  • Family Room

  • Room Size 21X17
  • Floor Level Basement
  • Flooring Porcelain Tile
  • Dining Room

  • Room Size 14X12
  • Floor Level Main
  • Flooring Hardwood
  • Kitchen

  • Room Size 16X12
  • Floor Level Main
  • Flooring Hardwood

Additional Rooms

  • Office

  • Room Size 12X10
  • Floor Level Main
  • Flooring Hardwood
  • Laundry

  • Room Size 8X6
  • Floor Level Basement
  • Flooring Porcelain Tile

Interior Features

  • Appliances

  • Appliances Included Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Heating & Cooling

  • Heating Type Natural Gas
  • Air Conditioning Central Air

Exterior Features

  • Building Information

  • Age of Building Unknown
  • Recent Rehab Yes
  • Rehab Year 2018
  • Parking

  • # of Cars 2

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property 87th To Dante, North To 86th Street, East To Property.
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 2887
  • Tax Year 2024
  • Parcel Identification Number 20354150110000
  • Lot Information

  • Lot Size Less Than .25 Acre

Listed by David Olaoye for Coldwell Banker Realty | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 9/16/2026 9:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Avalon Park

From shanties on stilts to brick bungalows on solid ground, this small community has stood tall and strong on Chicago's south side over the years and it will continue to thrive for many more to come. Avalon Park is a classic Chicago neighborhood where rows of single-family homes stand on private lots, offering residents a place all their own. Some new constructions instill a sense of modernity in this small section of town, but for the most part Avalon Park is steeped in conventional living.

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