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    8022 S Peoria Ave Chicago, IL 60620

    New
    For Sale
    $224,900

    Residential Income - Chicago, IL

    Days on Market:
    6
    Last Refresh:
    Dec 13 at 7:06 pm

    Property Features for 8022 S Peoria Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    20322130230000
    Parking
    2

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1914
    Architectural style
    Other

    Real People Realty (708) 634-0103 [email protected]

    Listing agent Carolyn Barnes (708) 634-0103 License #471019533

    Listing date Dec 8, 2025

    MLS# 12505302 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Two-Unit Residential Income Property

    This two-unit building in Chicago presents an investment or house-hacking opportunity. The property features an extra-large layout with potential for customization. The second-floor unit includes three bedrooms, one bathroom, and a private balcony. The first-floor unit has two bedrooms and is duplexed to the finished basement, which can serve as a family room or additional living space. Both units feature hardwood floors, large living and dining rooms, and a large enclosed back porch accessible from the rear bedroom. The property includes a spacious backyard with parking space for two cars. The property is sold as-is and needs work, making it suitable for cash buyers or renovation loans. This property is located in a thriving neighborhood.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6541
    Latitude
    41.7395

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    FAQs

    What type of property is this?
    Duplex - Two-unit building with potential in a thriving Chicago neighborhood.
    Where is this duplex located?
    The property is located at 8022 S Peoria Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $224,900.
    What are key features of this property?
    This property features: - Large 2-unit building ideal for investment or house hacking.; - Second-floor unit features **three bedrooms and a private balcony.**; - First-floor unit duplexed to a finished basement, creating a family room or additional living space.
    (708) 634-0103
    Request Owner's contact information
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    Chicago, IL 60620
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8022 S Peoria Ave Chicago, IL 60620
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