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AvailableWest Hyde ParkFlip opportunity · owner-occupant resale
819 E 53rd St #1
Chicago, IL 60615
Unit number pending confirmation. “#1” is a temporary stand-in and will be updated after seller verification.
Value-add condo opportunity
Full-rehab potential near the University of Chicago.
A one-bedroom, one-bath vintage condo in West Hyde Park offered in current condition. Perfect for a flip: an investor can complete the repairs and full rehab, then resell the finished condo to an end buyer who will occupy it as their primary residence. The renovation scope, budget, and timeline should be evaluated by the buyer’s contractor.
Property typeCondo
Bedrooms1
Bathrooms1
ConditionFull rehab
Working investment snapshot
Start with the known numbers.
Working estimate
Before closing and holding costs
Monthly estimate
Recommended exit strategy
Rehab, then resell to an owner-occupant.
The flip strategy is straightforward: acquire the condo, complete the full renovation, and sell the improved unit to an end buyer who will make it their primary residence. This opportunity is not being marketed or underwritten as a rental property.
Suggested exitFix & flipResell to an owner-occupant
!
The completed condo should be sold to an owner-occupant—not held as a rental.
Investors should review the current declaration, bylaws, rules, buyer-approval process, renovation requirements, and any resale or minimum occupancy provisions before submitting a final offer.
Flip and resale due-diligence checklistBuyer verification required
01Confirm an investor may acquire, renovate, and resell the unitConfirm
02Verify association renovation rules, permits, deposits, and work-hour restrictionsConfirm
03Review the end-buyer approval and owner-occupancy requirementsConfirm
04Confirm any minimum ownership period or resale restrictionsConfirm
Association estimate
What the monthly assessment includes
✓ Heat✓ Water✓ Common insurance✓ Exterior maintenance✓ Scavenger
The stated $400–$500 monthly range and inclusions are preliminary and must be confirmed through current association documents.
Current condition
Rehab scope to validate
- Full interior renovation anticipated
- Ceiling and wall repair visible in current-condition photos
- Kitchen and bathroom replacement should be evaluated
- Electrical, plumbing, and mechanical scope requires contractor verification
- Working rehab budget should include permits and contingency
Property locator
819 E 53rd St, West Hyde Park
The pin identifies the building address. The final unit number is still being confirmed with the seller.
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Buyer due diligence
Property information, pricing, association estimates, rehab assumptions, occupancy requirements, and third-party records are deemed useful for preliminary review but are not guaranteed. Buyers must independently verify the exact unit, title, taxes, association financials and restrictions, condition, permits, square footage, repair scope, owner-occupancy requirements, buyer approval, and all transaction terms.