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    8743 S Beverly Ave Chicago, IL 60620

    For Sale
    $730,000

    Commercial Sale - Chicago, IL

    Days on Market:
    61
    Last Refresh:
    Dec 8 at 12:06 pm

    Property Features for 8743 S Beverly Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    25062000870000

    Building Details

    Year built
    1964
    Number of units
    12
    Architectural style
    Other

    Chicago Real Estate Resources (773) 327-9300 [email protected]

    Listing agent Finley Askin (773) 327-9300 License #471021038

    Listing date Oct 9, 2025

    MLS# 12450550 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

    Multifamily Building in Auburn Gresham

    This 12-unit multifamily building is located in the Auburn Gresham neighborhood on Chicago's south side. The unit mix includes five two-bedroom units, three one-bedroom units, and four studio units. On-site amenities include a laundry room and twelve exterior parking spaces. The building is mostly vacant and requires renovation, including updates to the kitchens and baths in each of the vacant units. The mechanical systems, including heating, electric, and plumbing, are older but in working condition. The roof is nearing the end of its useful life. This property presents an opportunity for an investor looking to add value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.6714293
    Latitude
    41.7345759

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    FAQs

    What type of property is this?
    Apartment building - 12-unit multifamily building in Chicago's Auburn Gresham neighborhood.
    Where is this apartment building located?
    The property is located at 8743 S Beverly Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $730,000.
    What are key features of this property?
    This property features: - 12-unit multifamily building in Auburn Gresham.; - Opportunity for value-add investment through renovation.; - Unit mix includes (5) two-bedroom, (3) one-bedroom, and (4) studio units.
    (773) 327-9300
    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
    8743 S Beverly Ave Chicago, IL 60620
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