731 W 129th Place
Chicago, IL, 60628
$155,000
2 Beds
1 Baths
1,040 SqFt
0 Acres
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MLS #MRD12758513 image #0
**WATERFRONT OPPORTUNITY WITH MAJOR UPSIDE!** Excellent opportunity for an investor, rehabber, or buyer looking to create value without starting from scratch. This 2-bedroom home features a new garage, partially finished basement, waterfront setting, and an oversized 9,000+ sq. ft. lot. The property offers multiple investment strategies and multiple paths to create value. Take the lighter approach by updating the existing home, maximizing the partially finished basement, and exploring opportunities to add additional living space, bedrooms and/or another bathroom-creating the potential for a strong rental or resale investment. Or think bigger and explore the property as a redevelopment opportunity, including a major expansion or an entirely new-construction project. Large-scale new-construction homes are currently being developed on the same block, demonstrating the investment and redevelopment activity already taking place in the immediate area. With a 9,000+ sq. ft. waterfront lot, buyers have an opportunity to evaluate the strategy that best fits their investment goals. Seller is offering a **$5,000 credit toward a bathroom renovation/update**. **Waterfront. 9,000+ sq. ft. lot. Light-rehab potential. Rental potential. New-construction potential. New development on the block. Partially finished basement. New garage. Multiple paths to create value.** Property sold as-is. **Cash buyers and quick-close offers welcomed.** Bring your vision and move quickly-whether the strategy is renovation, investment, expansion, or new construction, opportunities combining waterfront, land, nearby development, and this level of upside are hard to find.

Property Details

Price:
$155,000
MLS #:
MRD12758513
Status:
Active Under Contract
Beds:
2
Baths:
1
Type:
Single Family
Neighborhood:
chiwestpullman
Listed Date:
Sep 13, 2026
Finished Sq Ft:
1,040
Year Built:
1951
WaterfrontChi – West PullmanChiwestpullmanLittle Calumet River

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Schools

School District:
299

Interior

Bathrooms
1 Full Bathroom
Cooling
Central Air
Heating
Natural Gas, Electric

Exterior

Construction Materials
Brick
Fencing
Fenced
Garage Spaces
4
Parking Features
Concrete, Garage Door Opener, Garage, EV Ready, Electric Vehicle Charging Station(s), Yes, Garage Owned, Detached
Parking Spots
4
Parking Total
4
Roof
Asphalt
Waterfront Features
River Front

Financial

HOA Fee Frequency
Not Applicable
HOA Includes
None
Tax Year
2023
Taxes
$2,538

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Community

Market Summary

Current real estate data for Single Family in Chicago as of Oct 06, 2026
2,698
Single Family Listed
69
Avg DOM
239
Avg $ / SqFt
$564,513
Avg List Price

Property Summary

    731 W 129th Place Chicago IL is a Single Family for sale in Chicago, IL, 60628. It is listed for $155,000 and features 2 beds, 1 baths, and has approximately 1,040 square feet of living space, and was originally constructed in 1951. The current price per square foot is $149. The average price per square foot for Single Family listings in Chicago is $239. The average listing price for Single Family in Chicago is $564,513.

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731 W 129th Place
Chicago, IL