2251 Chicago Street, San Diego, California 92110, San Diego, 92110 - 3 bed, 2 bath
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2251 Chicago Street
San Diego, California 92110
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,477Sq Ft
6,300Lot Size
Property Price
LIST PRICE$1,199,900
EST. MARKET VALUE
$1,282,168
6% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $1,199,900—positioned well below the $1,282,168 Fair Market Value by 6%. This valuation gap offers $82,268 in Instant Equity. Featuring a Fair Condition Rating (4/10), the home offers significant upside through modernization of its 1941 vintage systems. The 6,300 sqft corner lot and detached garage provide exceptional ADU development potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-walkability location in the San Diego Unified district.
Estimated Market Value
$1,282,168+$82,268 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2251 Chicago Street Subject 3 bd · 2 ba · 1,477 sqft · $868 | $1,199,900* List Price | 3 | 2 | 1,477 | $868 | - |
A 1935 Goldfield Sold 3 bd · 2 ba · 1,372 sqft · $940 · 0.3 mi | $1,290,000 | 3 | 2 | 1,372 | $940 | 0.3 mi |
B 2235 Milton Court Sold 3 bd · 2 ba · 1,617 sqft · $959 · 0.8 mi | $1,550,000 | 3 | 2 | 1,617 | $959 | 0.8 mi |
C 2604 Grandview Street Sold 3 bd · 2 ba · 1,497 sqft · $969 · 0.7 mi | $1,450,000 | 3 | 2 | 1,497 | $969 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1941, the property features a kitchen that appears to be a 30+ year old renovation with dated 1980s-style cabinetry, laminate counters, and older white appliances. While the home is functional and well-maintained, the age of the finishes and likely the underlying systems (HVAC/Electric) suggest it is due for significant updates and modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Walkable Location
Situated in the heart of Bay Park, this home offers exceptional walkability to top-rated Bay Park Elementary, local dining, and coffee shops, making it highly desirable for families and professionals.
- ADU & Development Potential
The detached two-car garage with alley access on a large corner lot provides an ideal footprint for a guest house or ADU, offering significant value-add potential without sacrificing yard space.
- Expansive Corner Lot
The 6,300 sqft corner lot is a rare find in this neighborhood, providing ample room for outdoor entertaining, play areas, and enhanced privacy compared to standard interior lots.
CONSRISKS & DEFICIENCIES
- Vintage Construction
Built in 1941, the property likely requires modernization of its core systems and interior finishes to meet the expectations of contemporary buyers at this price point.
- Limited Interior Square Footage
With only 1,477 square feet of living space, the home may feel compact for larger families or those seeking the expansive open-concept layouts found in newer builds.
About 2251 Chicago Street
Walkable Charmer in the Heart of Bay Park on Huge Corner Lot. Located in one of San Diego's most sought after neighborhoods, this property has tons of space to spread out and entertain. Walking through you will find two living areas, natural light throughout, a separate laundry room, and generously sized bedrooms and bathrooms. The spacious lot allows endless opportunities. The backyard offers plenty of room for gatherings, play, or simply relaxing outdoors. The detached 2-car garage with alley access has endless potential for a guest home, ADUs, or extended living space, without sacrificing yard area. The location seals the deal: just steps from Bay Park's best restaurants, coffee shops, and top rated Bay Park Elementary, all within walking distance. Corner lot homes with this much space and this much location don't come up often in Bay Park, don't miss your chance to make it yours.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 6,300 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,477 | 1,752.269 |
| Lot Size | 6,300 | 6,446.159 |
| Price | $1.20M | $1.27M |
| Price per sq ft | $812 | $736 |
| Built year | 1941 | 1971 |
| HOA | $0 | $186 |
| Days on market | 12 | 41 |
Pricing History
Listed for Sale
Oct 13, 2026
$1,199,900
Initial Listing