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    8157 S Chappel Ave Chicago, IL 60617

    For Sale
    $425,000

    Commercial Sale - Chicago, IL

    Days on Market:
    28
    Last Refresh:
    Dec 10 at 3:06 pm

    Property Features for 8157 S Chappel Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    20362170200000

    Building Details

    Year built
    1928
    Number of units
    8
    Architectural style
    Other

    HomeSmart Realty Group (708) 320-0002 [email protected]

    Listing agent Kevin Glover (708) 320-0002 License #475168750

    Listing date Nov 13, 2025

    MLS# 12508855 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

    South Shore Apartment Building

    This is an excellent investment opportunity to purchase an eight-unit apartment building on a corner lot in the South Shore area of Chicago. The yellow brick building contains eight apartments, currently configured as one-bedroom units. The owner has plans and permits to reconfigure the layout into six two-bedroom apartments and two one-bedroom units. Two of the units were gutted due to fire damage. Since the fire, a new rear porch, new roof, and new water service have been installed. Permits and plans have been pulled and newer windows have been installed. The property is being sold as-is, but the seller is willing to finish the property for the right price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.5743262
    Latitude
    41.7463358

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit apartment building in Chicago's South Shore neighborhood.
    Where is this apartment building located?
    The property is located at 8157 S Chappel Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Excellent investment opportunity in sought-after South Shore area.; - **Corner lot yellow brick 8-unit apartment building.**; - Plans and permits in place to convert to six 2-bedroom and two 1-bedroom units.
    (708) 320-0002
    Request Owner's contact information
    8157 S Chappel Ave Chicago, IL 60617
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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
    8157 S Chappel Ave Chicago, IL 60617
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