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    8627 S Ingleside Ave Chicago, IL 60619

    Sponsored
    For Sale
    $545,000

    Eight-unit building, strong cash flow, excellent location.

    Property size:
    6,316 SF

    Description

    Added:
    Jan 17, 2025
    Days on Market:
    358
    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.

    Property Features for 8627 S Ingleside Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,316 SF
    Price / Square Foot
    $86
    Elevators
    N/A
    Lot Size
    6,316 SF

    Building Details

    Buildings
    1
    Stories
    2
    Units
    8

    HighLights

    • Eight‑unit property in Chicago's desirable Chatham neighborhood.
    • Recently renovated kitchens and baths in all eight spacious one‑bedroom units.
    • Features a fenced parking lot and updated central boiler system.
    Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    State
    Illinois
    Longitude
    -87.600864
    Latitude
    41.737683

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    FAQs

    What type of property is this?
    Multifamily property - Eight-unit building, strong cash flow, excellent location.
    Where is this multifamily property located?
    The property is located at 8627 S Ingleside Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: Eight-unit property in Chicago's desirable Chatham neighborhood.; Recently renovated kitchens and baths in all eight spacious one-bedroom units.; Features a fenced parking lot and updated central boiler system.
    (630) 209-3622
    Request Owner's contact information
    8627 S Ingleside Ave Chicago, IL 60619
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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
    8627 S Ingleside Ave Chicago, IL 60619
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