Craftsman / Bungalow home in 8940 S Parnell Ave Chicago, IL
This 1,600-square-foot Craftsman home in Chicago, IL includes 3 bedrooms and 2 bathrooms. Its Craftsman character defines the property's look.
| Price | $110,000 |
|---|
| Beds | 3 |
|---|
| Baths | 2 |
|---|
| Sqft | 1600 |
|---|
| Architectural style | Craftsman / Bungalow (64% match) |
|---|
| Address | 8940 S Parnell Ave Chicago, IL 60620 |
|---|
Why buy this home
- Confirmed Craftsman / Bungalow architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced below comparable homes.
- At $110K, this home is 72% below the $400K median for 405 similar Craftsman / Bungalow homes in Chicago, IL.
- That works out to $69 per square foot, 71% below the $235 comparable rate.
| This home | $110,000 |
|---|
| Craftsman / Bungalow median in Chicago, IL | $399,999 (405 homes) |
|---|
| Price per sq ft | $69 vs. $235 comps median |
|---|
It is well below comparable homes, which can mean condition issues, a smaller lot or living area, a leasehold, or a data quirk. Check the source listing before getting excited. Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $834/month with 20% down at a 7.28% 30-year fixed rate. You would need about $35,744 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $602/mo |
|---|
| Property tax (new-buyer reassessed rate) | $191/mo |
|---|
| Homeowners insurance | $41/mo |
|---|
| Total monthly | $834/mo |
|---|
| Down payment (20%) | $22,000 |
|---|
| Income needed | $35,744/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C (57 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C (57/100) |
|---|
| Beats renting in | 6% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $48,376 |
|---|
| Range (10th to 90th pct) | $27,342 to $72,331 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Chicago, IL where local data is thin.
Local home values
Typical home values in Chicago, IL have risen about 27% over the past 5 years (+5% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Movoto