8627 S Ingleside Ave Chicago, IL 60619

This meticulously maintained eight-unit multifamily property is located in Chicago's highly desirable Chatham neighborhood, bordering Burnside. Situated on a quiet, tree-lined street, this property offers a blend of suburban tranquility and urban convenience. The building comprises eight spacious one-bedroom, one-bathroom apartments, each featuring updated kitchens and baths, and abundant natural light. Recent capital improvements include masonry and tuckpointing, roof work, a modern high-efficiency central boiler system, and newer windows. A fenced rear parking lot accommodates approximately six vehicles. The property benefits from a long-term tenant base and is just one block from 87th Street's commercial corridor, providing easy access to retail and grocery options. This investment opportunity presents a strong, positive cash flow with an in-place cap rate exceeding 9% and a double-digit cash-on-cash return. Further rental increases could boost the cap rate to nearly 11%, significantly enhancing returns. The property sits on a 0.145-acre lot and has a building size of 6,316 square feet. This is a rare chance to acquire a well-maintained, high-performing multifamily asset in a prime Chicago location.