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    8631 W Foster Ave Chicago, IL 60656

    Under Contract
    For Sale
    $1,650,000

    Commercial Sale - Chicago, IL

    Property size:
    9,768 SF
    Days on Market:
    51
    Last Refresh:
    Dec 12 at 1:06 am

    Property Features for 8631 W Foster Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    APN
    12113100400000
    Size
    9,768 SF

    Building Details

    Year built
    1979
    Number of units
    9
    Architectural style
    Other

    Enterprise Realty Brokers (773) 999-7967 [email protected]

    Listing agent Velibor Popovic (773) 999-9679 License #475163375

    Listing date Oct 23, 2025

    MLS# 12488646 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 Multifamily Investment Opportunity

    This well-maintained brick building, totaling 9768 square feet, is located in Chicago, Illinois. It contains 9 units that are easy to rent. Most units are currently rented on a month-to-month basis, presenting opportunities to increase cash flow. The property also generates additional income from an on-site laundry facility. The association handles landscaping, parking, snow removal, and water services. The building is situated in a location that is near a school, the Forest Preserve, the Blue Line, I-90, and O'Hare International Airport. This asset offers both current income and future growth potential.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.8431492
    Latitude
    41.9735542

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 9-unit building near transportation and amenities.
    Where is this apartment building located?
    The property is located at 8631 W Foster Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - Turnkey investment opportunity with 9 easy-to-rent units.; - Amazing location: steps from school and close to Forest Preserve, Blue Line, I-90, and O'Hare.; - Association handles landscaping, parking, snow removal, and water.
    (773) 999-9679
    Request Owner's contact information
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    Chicago, IL 60656
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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
    8631 W Foster Ave Chicago, IL 60656
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