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Property Description
**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.
Full Property Details
Full Property Details for 731 W 129th Pl
General
- Price: $155,000
- Taxes: $2,538 (2023)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12758513
Interior
- Basement: Partially
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Additional Information
- Other Features: School Bus Service, Commuter Bus
Parking
- Garage: Yes
- Garage Spaces: 4
- Total Spaces: 4
- Parking Features: Concrete, Garage Door Opener, Garage, EV Ready, Electric Vehicle Charging Station(s), Yes, Garage Owned, Detached
Location
- Area: CHI - West Pullman
- County: Cook
- Township: Lake
- Driving Directions: Halsted St to 127th St, west to Union Ave, south to 129th Pl, west to property.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Electric
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Partially Finished, Full
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Square Feet: 1,040
- Sq. Ft. Source: Assessor
- Year Built: 1951
- Built Before 1978: Yes
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 9343
- Fence: Yes
- Fencing (Description): Fenced
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: LITTLE CALUMET RIVER
- Water Front Desc.: River Front
- Water Front View: Back of Property
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1951
- Tax Amount: $2,538
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 25331170570000
Listed by AXEN Realty
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Schools
Schools serving 731 W 129th Pl
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Brown R Elementary Community Academy 12607 South Union Avenue, Chicago, IL 60628 | PK-8 | 0.5 mi |
Fenger Academy High School 11220 South Wallace Street, Chicago, IL 60628 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 731 W 129th Pl
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,538
—
$11,369
-5%
2023
$2,538
3%
$11,999
—
2022
$2,475
2%
$11,999
—
2021
$2,420
46%
$11,999
61%
2020
$1,662
1%
$7,441
-9%
2019
$1,647
2%
$8,177
—
2018
$1,619
-48%
$8,177
-43%
2017
$3,102
7%
$14,376
—
2016
$2,886
59%
$14,376
—
2015
$1,815
-29%
$14,376
4%
2014
$2,570
2%
$13,818
—
2013
$2,519
47%
$13,818
—
2012
$1,716
—
$13,818
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 731 W 129th Pl
731 W 129th Place, Chicago, IL 60628 (MLS# 12758513) is a Single Family property with 2 bedrooms and 1 full bathroom. 731 W 129th Place is currently listed for $155,000 and was received on September 13, 2026. Want to learn more about 731 W 129th Place? Do you have questions about finding other Single Family real estate for sale in West Pullman? You can browse all West Pullman real estate or contact a Coldwell Banker agent to request more information.

