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$120,000 Just Listed
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Property Description
Full Rehab Opportunity - Unlock the Potential! Attention investors, rehabbers, and visionaries-this bank-owned brick home in Chicago is a rare opportunity to create something truly special. Completely gutted down to the studs, this property offers a blank canvas ready for your design and finishing touches. Featuring a spacious layout with 4 bedrooms, 2 bathrooms, a full basement, and a 2-car detached garage, the possibilities here are endless. The major demolition work has already been completed, allowing you to focus on bringing your vision to life without the added cost and time of teardown. This solid brick home offers a generous footprint with flexible layout options, including the potential to expand living space in the basement or create a duplex-down style design. Whether you're an investor looking to maximize return, a rehabber ready for your next project, or a buyer wanting to customize your dream home from the ground up, this property delivers incredible upside in a desirable Chicago location. Sold as-is and ideal for cash or renovation loans, this is your chance to transform a blank slate into a standout property. Bring your ideas, your contractor, and your vision-opportunities like this don't come around often.
Full Property Details
Full Property Details for 8220 S Prairie Ave
General
- Price: $120,000
- Taxes: $4,247 (2023)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12602997
- Updated: 4/9/2026
- Added to Site: 1 day(s) ago
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - Chatham
- County: Cook
- Township: Hyde Park
- Driving Directions: South to 83rd Street - East to Prairie Ave - North to Address.
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: None
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Bungalow
- Architectural Style: Bungalow
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Roof: Asphalt
- Square Feet: 1,620
- Sq. Ft. Source: Assessor
- Year Built: 1924
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.11
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 4830
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1924
- Tax Amount: $4,247
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20341210200000
Listed by Village Realty, Inc.
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Schools
Schools serving 8220 S Prairie Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Neil Elementary School 8555 South Michigan Avenue, Chicago, IL 60619 | PK-8 | 0.5 mi |
Bowen High School 2710 East 89th Street, Chicago, IL 60617 | 9-11 | 3.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8220 S Prairie Ave
Date
Details
Price
Change
Source
4/09/2026
Listed
$120,000
-38.14%
MLS
8/08/2011
Sold
$194,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8220 S Prairie Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,247
3%
$20,130
—
2022
$4,140
2%
$20,130
—
2021
$4,048
45%
$20,130
60%
2020
$2,796
1%
$12,553
-9%
2019
$2,772
2%
$13,795
—
2018
$2,725
-22%
$13,795
-15%
2017
$3,507
-10%
$16,292
-16%
2016
$3,901
9%
$19,479
—
2015
$3,569
4%
$19,479
6%
2014
$3,422
2%
$18,445
—
2013
$3,355
1%
$18,445
—
2012
$3,310
—
$18,445
—
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 8220 S Prairie Ave
8220 S Prairie Avenue, Chicago, IL 60619 (MLS# 12602997) is a Single Family property with 4 bedrooms and 2 full bathrooms. 8220 S Prairie Avenue is currently listed for $120,000 and was received on April 09, 2026. Want to learn more about 8220 S Prairie Avenue? Do you have questions about finding other Single Family real estate for sale in Chatham? You can browse all Chatham real estate or contact a Coldwell Banker agent to request more information.

