5245 Walton Ave

This shell has the two most important things you look for in an investment opportunity: location and square footage. (And bonus points for the huge back yard!) Built 100-plus years ago as a four bedroom, the home's almost 1,400sf footprint could easily have a primary suite and two good-sized secondary bedrooms. The conservator has replaced doors and windows, so you can slide that money into your finishes. And while it's not technically in Cedar Park, it's just a half-block outside the border. This quiet stretch of Walton Ave is right off Baltimore Ave and is convenient to the 52nd St strip as well as Cedar and Malcolm X parks.