8044 South Ingleside Ave Chicago, IL 60619
Established 45-unit building with strong cash flow and upside potential.
Source:
33realty
Listing Agent: Brian Mond
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
East Chatham Courtyard Apartment Building
The property at 8044 S Ingleside Avenue is a 45-unit courtyard building located in East Chatham. The unit mix includes 7 studio units, 13 one-bedroom units, and 25 two-bedroom layouts. This established investment property generates strong cash flow and offers significant upside potential through strategic rent increases, benefiting from the neighborhood's stable rental market. The diverse unit mix attracts a wide range of tenants. Located in a historic and resilient community on Chicago's South Side, East Chatham has been a cornerstone for Chicago's middle-class African American families since the late 1950s. The neighborhood features notable Chicago architecture, including two National Register Historic Districts: the Garden Homes Historic District and the West Chatham Bungalow Historic District, which features 283 classic Chicago bungalows built between 1913 and 1930. The property presents a long-term value appreciation opportunity.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.601544
- Latitude
- 41.748667
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Established 45-unit building with strong cash flow and upside potential.
Where is this apartment building located?
The property is located at 8044 South Ingleside Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: - Strong cash flow with 27% cash-on-cash return; - Significant rent bump upside potential; - Established 45-unit courtyard building with diverse unit mix
