Chicago, IL 60636•Duplex•Traditional 2-Flat•5 Beds•2 Baths•2,200 Sq Ft•Built 1925
Listed exclusively by Ridgeland Asset Solutions
An off-market opportunity sourced directly by our acquisitions team — not published on the MLS.
Asking Price$189,000
Well-located two-flat with a sound brick shell. A mid-level rehab of both units brings rents to market and supports a BRRRR refi near the comps.
Brick two-flat on a quiet block near Hermosa Park. Both units are 2–3 bed layouts with separate utilities; lower unit is occupied at below-market rent. Solid masonry shell — the work is inside.
How buying works with Ridgeland
Eight clear steps. Our team coordinates each one with you, the seller, the attorneys and the title company.
Book a showing. We confirm the time and handle access.
You + Ridgeland
Send your offer. We present it to the seller and negotiate terms with you.
Ridgeland team
Once terms are agreed, we send the purchase contract for signature.
Ridgeland team
Listing information is provided by the seller and other third parties and has not been independently verified by Ridgeland Asset Solutions. All information is deemed reliable but is not guaranteed and should be independently verified. Any financial figures shown are Ridgeland’s own estimates prepared from the information available; they are not appraisals and are not a guarantee of value, cost or return. Ridgeland Asset Solutions is an equal housing opportunity company.
Both kitchens and baths are original and need full replacement. Plaster walls in fair shape; hardwood under carpet in the upper unit. Electrical is partially updated (100A service) — plan for a 200A upgrade.
Masonry is sound but needs tuckpointing on the south wall. Roof is ~18 years old with visible wear. Rear porch needs replacement.
Budget assumes a new roof, rear porch, two kitchens, two baths, electrical upgrade and cosmetic finish throughout. Contingency of 10% included in the $62k estimate.
One open city violation for the rear porch (case filed 2025). Porch replacement requires a permit; no architectural plans needed for the scope above.
View violation / inspection reportLower unit tenant is month-to-month and cooperative with showings.
Your attorney reviews the contract and terms.
Your attorney
Both sides sign. You submit earnest money as the contract states.
You
We send the executed contract to both attorneys to move to closing.
Ridgeland team
Title orders the commitment and prepares closing documents.
Title company
We confirm date, time and location. You close and get the keys.
Everyone
7342 S Damen Ave · $189,000
Call us. Our team will walk you through the next steps.