Things are not always 100 % correct and certainly not up to date because of various reasons and since you are a Realtor you should be aware of that.
Edith YourRealtor4Life & Chicago and Northern Illinois Expert
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This is obviously a bogus listing, designed to attract potential renters with that lowball price. It's really easy these days to copy/paste anything. A 3/3 in Memorial would likely go for at least three times that amount. Here's how it works ...
When people respond, they're generally told that the owner is out of town (or more likely out of the country). If they'd like to rent the home (sight unseen, but based on those great photos), all they need to do is send the "security deposit" and/or "fist month's rent" to a given individual via Western Union or a similar service. Shortly thereafter, they'd receive the "key," and would be free to move in. Of course, all the "applicants" wind up with is a receipt for the money they've been duped out of ... there is no "key," since the scammer doesn't even own the property.
I always advise anyone not to fork over a dime without a face-to-face meeting at the property. Naturally, it's best to work with a Realtor, since there is no cost to the tenant, and the homes shown are actually available.