8044 South Ingleside Ave Chicago, IL 60619

Located in East Chatham, 8044 S Ingleside Avenue is an established 45-unit courtyard building. The property features 7 studio units, 13 one-bedroom units, and 25 two-bedroom layouts. This cash-flowing investment property offers significant upside potential through strategic rent increases, benefiting from the neighborhood's stable rental fundamentals. The property's unit mix provides rental demand and flexibility. East Chatham's growth and development create conditions for rental rate increases and long-term value appreciation. With below-market rents in place, this property presents an opportunity to implement strategic rent increases. East Chatham has been a cornerstone for Chicago's middle-class African American families since the late 1950s. The neighborhood showcases Chicago architecture, including two National Register Historic Districts: the Garden Homes Historic District and the West Chatham Bungalow Historic District. The neighborhood offers connectivity with multiple CTA Red Line stations at 79th and 87th streets, plus Metra Electric District service providing direct access to downtown Chicago's Millennium Station. East Chatham's local business scene thrives along South Cottage Grove Avenue. The neighborhood's dining scene includes spots like Josephine's Southern Cooking, Oooh Wee! It Is, Uncle John's BBQ, and the Brown Sugar Bakery. The area also features Artists On the 9, showcasing local talent and contributing to Chatham's growing arts scene. With shopping at Food4Less and Aldi, plus entertainment at Studio Movie Grill, East Chatham offers residents a complete neighborhood experience. The property size is 45000 square feet.