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AvailableSouth Shore · ChicagoBrick two-flat · full rehab
2721 E 76th St
Chicago, IL 60649
South Shore two-unit value-add
Two three-bedroom units. One full-rehab opportunity.
A brick two-flat with approximately 2,364 square feet, two three-bedroom / one-bath units, and a full basement. Reposition the property through a complete renovation, then resell the finished building or stabilize both units as rentals.
Property typeBrick two-flat
Unit mix2 × 3 bed / 1 bath
Living area2,364 sq ft
Property taxes$1,722 / year (2023)
Lot size2,610 sq ft
Year built1889
BasementFull · unfinished
GarageNone
Working investment snapshot
A $105,000 entry with a $350,000 target ARV.
Provisional after-renovation estimate
Planning scenarios · not a contractor bid
Excludes financing, holding, and transaction costs
Before all other costs · not net profit
Based on reported building area
Before and renovation vision
See the potential.
A restoration concept using the existing brick facade, roofline, and entry.
Verified sales
Three renovated two-flats within 0.5 mile.
Closed sales from October 2025 through June 2026. Distances are approximate straight-line distances.
Provisional planning estimate
Three renovated sales · not the subject ARV
Two sales with reported building area
Full renovation required
| Comparable | Sold | Price | Unit mix | Reported size | Price / sq ft |
|---|---|---|---|---|---|
| 7754 S Burnham AveView on Realtor.com 0.21 mi away · Renovated brick / stone · 2 parking spaces | Jun. 30, 2026 | $417,000 | 3/1 + 3/1 | 2,756 sq ft | $151 |
| 2601 E 78th StView on Redfin 0.33 mi away · Renovated brick · 2 parking spaces | Oct. 16, 2025 | $395,000 | 3/1 + 3/1 | 2,814 sq ft | $140 |
| 7748 S Marquette AveView on Redfin 0.20 mi away · Renovated brick · extra bedroom | Jan. 13, 2026 | $385,000 | 3/1 + 4/1 | Not reported | — |
The $350,000 target assumes a completed quality renovation. The two comps with reported size are larger; parking, lot size, bedroom count, and the subject’s pitched-roof design also differ. The comp average is context, not an appraisal or guaranteed resale value.
Renovation scope
Rebuild and reposition both units.
- Full renovation across both three-bedroom units
- Interior photos show damaged finishes, exposed framing, and missing wall and ceiling sections
- Rebuild kitchens and bathrooms; scope mechanical, electrical, plumbing, and exterior work
The play
Renovate, then resell or hold.
- Renovate both three-bedroom, one-bath units with cohesive finishes
- Position the finished two-flat for resale to an owner-occupant or rental investor
- Alternatively, lease both units and evaluate a refinance after stabilization
Nearby investment & innovation
Close to PsiQuantum’s future Chicago campus.
Approximately 1.5 miles to IQMP’s published map location · straight-line distance
The former U.S. Steel South Works site is becoming the Illinois Quantum and Microelectronics Park, anchored by PsiQuantum. Groundbreaking took place in September 2025, marking a major new technology and research investment on Chicago’s Southeast Side. This nearby development adds a compelling long-term neighborhood story to the property’s renovation potential.
PsiQuantum project update ↗Campus location & information ↗Rendering source ↗
Property locator
2721 E 76th St, Chicago
South Shore, east of South Exchange Avenue.
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