Private HSC offering
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AvailableBack of the Yards / New CityFrame & siding · full renovation opportunity
5247 S May St
Chicago, IL 60609
Frame single-family value-add
An expansive renovation project near Sherman Park.
This two-bedroom, one-bath detached home is offered in gutted condition for an investor prepared to finish the renovation. Plumbing, electrical, and furnace installation were reported substantially underway, leaving a clear path to complete the build-out and reposition the home for resale. The expansive approximately 1,200-square-foot layout offers strong potential for a three-bedroom, two-bath configuration.
Property typeDetached single-family
Bedrooms2 now · 3-bed potential
Bathrooms1 now · 2-bath potential
Square footage≈ 1,200 sq ft
Property taxes$39 / year (2023)
Lot size7,200 sq ft · 60 × 120
Year built1888
Working investment snapshot
A compelling foundation for the next renovation.
After-repair resale target
Wide Chicago lot
Ready for final build-out
Selected MLS comparables
A $195,000 target ARV anchored by the renovated pending comp.
1016 W 57th St establishes the after-repair target at $195,000. The two closed properties are retained as current-condition reference points and are not averaged into the ARV.
Renovated resale target
1016 W 57th St · pending
Two closed reference sales
Private HSC offering
| Comparable | Status | Price | Bed / bath | Reported size | Price / sq ft |
|---|---|---|---|---|---|
| 1016 W 57th StView on Redfin Renovated ARV reference · MLS 12655920 | Pending | $195,000 | 3 bed · 2 bath | 704 sq ft | $277 |
| 5607 S Laflin AveView on Redfin Current-condition reference · MLS 12586772 | Closed | $138,000 | 3 bed · 1 bath | 900 sq ft | $153 |
| 4950 S Marshfield AveView on Redfin Current-condition reference · MLS 12691675 | Closed | $115,000 | 3 bed · 1 bath | 798 sq ft | $144 |
Target ARV$195,000After-repair resale target
The target is anchored to 1016 W 57th St, a renovated three-bedroom, two-bath frame home shown pending at $195,000. The Laflin and Marshfield closed sales illustrate current-condition value rather than the finished resale target.
The pending price shown for 1016 W 57th St is its current MLS price; its final closed price will be available after settlement.
Estimated market rents
Rental income potential for two- and three-bedroom layouts.
Current Rentometer estimates for a completed two- or three-bedroom home.
$1,350 median$1,419 average
Projected monthly rent for a renovated two-bedroom layout.
$1,680 median$1,694 average
Projected monthly rent for a renovated three-bedroom layout.
Rent estimates are market indicators rather than guaranteed lease amounts. Actual rent will depend on the completed layout, renovation quality, amenities, and market conditions at the time of leasing.
Property profile
Reported structure and utilities
✓ Siding exterior✓ Full unfinished basement✓ 1-car detached garage✓ Fee-simple ownership✓ Natural-gas heat✓ Public water and sewer
Profile based on the current property record and listing materials.
Current condition
Remaining renovation scope
- Gutted interior ready for completion of a full renovation
- Plumbing, electrical, and furnace installation reported substantially underway
- Kitchen, bathroom, drywall, insulation, flooring, trim, fixtures, and finishes remain
- Full basement and detached garage add useful storage and project flexibility
- Siding exterior and expansive lot support a strong single-family presentation
Property locator
5247 S May St, Chicago
The pin identifies the verified street address near Sherman Park in the New City community area.
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Property information
Information is deemed reliable but not guaranteed and is subject to change.