Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8429 S Sangamon St Chicago, IL 60620

    Sponsored
    Picture of Duplexes at S Sangamon St 8429, Chicago, IL
    For Sale
    $55,000

    MULTI_FAMILY - Chicago, IL

    Days on Market:
    5
    Last Refresh:
    Feb 25 at 4:06 pm

    Property Features for 8429 S Sangamon St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bathroom 4, Bedroom 6, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 8, Bedroom 1, Bedroom 7, Bathroom 2, Bathroom 1, Bedroom 3, Basement, Bedroom 9, Bedroom 5
    Bedrooms
    9
    Bathrooms
    4
    APN
    20324130110000
    Basement
    Unfinished, Partial

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Building materials
    Frame

    We can help!

    Listing Contact
    Rudy Gandy

    United Real Estate-Chicago (630) 748-4660

    Listing agent Rudy Gandy (312) 340-1023

    Listing date Feb 21, 2026

    MLS# 12574300

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Auburn Gresham Multifamily Investment Opportunity

    This two-unit building is located in Auburn Gresham, Chicago. It is an investor special. The property is zoned RS3, which may allow for conversion to a single-family house. The surrounding area supports an after-repair value (ARV) of $350,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6471216
    Latitude
    41.7405968

    Nearby Similar for Sale

    • New
      $499,000
      9,000 SF

      Chicago Commercial Space on Division

      Open commercial space suitable for retail, office, or shared work.
      5101 W Division St, Chicago, IL 60651
      View Details
    • $798,888
      4,300 SF

      Turnkey Restaurant Space in River North

      Fully equipped restaurant space in Chicago's River North neighborhood.
      416 W Ontario St, Chicago, IL 60654
      View Details
    • New
      $550,000
      10,500 SF

      Mixed-Use Commercial Property in Chicago

      10,500 sq ft mixed-use property in high-traffic area.
      4231 W Madison St, Chicago, IL 60624
      View Details
    • $325,000
      7,200 SF

      Large Commercial Space in Chicago

      Spacious commercial property with high visibility and ample parking.
      706 N Cicero Ave, Chicago, IL 60644
      View Details
    • $499,000
      6,250 SF

      Versatile Chicago Industrial/Flex Space

      Divisible 6,250 SF building with 16' bow truss ceilings.
      5245 W Diversey Ave, Chicago, IL 60639
      View Details
    • New
      $450,000
      1,872 SF

      Turnkey Restaurant Business in Chicago

      Established fast-casual restaurant business for sale in Lincoln Park.
      2441 N Clark St, Chicago, IL 60614
      View Details
    • $499,000
      6,250 SF

      Versatile Chicago Industrial/Flex Space

      Divisible 6,250 SF building with 16' bow truss ceilings.
      5245 W Diversey Ave, Chicago, IL 60639
      View Details
    • $649,000

      Prime Corner Location Office/Retail Space

      Excellent office/retail space in a prime corner location.
      211 W Wacker Dr, Chicago, IL 60606
      View Details
    • $1,239,000
      7,500 SF

      Chicago Retail Investment Opportunity

      Leased retail stores in a high-traffic commercial corridor.
      5159 W Diversey Ave, Chicago, IL 60639
      View Details
    • $750,000
      0.17 Acres

      Turnkey Restaurant and Bar, Chicago

      Upscale restaurant and bar with liquor license in Chicago.
      1347 W 47Th St, Chicago, IL 60609
      View Details
    • $525,000
      3,125 SF

      Car Wash Business Opportunity

      Car wash business on high-traffic corner lots for sale.
      3006 W Roosevelt Rd, Chicago, IL 60612
      View Details
    • New
      $525,000
      Pending

      Versatile Commercial Property in Chicago

      Adaptable commercial space suitable for investors or owner-users.
      2020 W 79Th St, Chicago, IL 60620
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit building in Auburn Gresham, Chicago. Investor special.
    Where is this duplex located?
    The property is located at 8429 S Sangamon St Chicago, IL.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: - Investor Special: Opportunity to acquire a 2-unit building.; - Conversion Potential: RS3 Zoning allows for conversion to a single-family house.; - High ARV Potential: Area ARV (After Repair Value) is $350,000.
    (312) 340-1023
    Request Owner's contact information
    8429 S Sangamon St Chicago, IL 60620
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8429 S Sangamon St
    Chicago, IL 60620
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    8429 S Sangamon St Chicago, IL 60620
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rudy Gandy
    Real Estate License ID: 475187791
    (312) 340-1023 (630) 748-4660
    Learn more
    Google sign-in failed. Please try again or use another login method.