East Chatham Courtyard Apartment
8044 South Ingleside Avenue, Chicago, IL 60619
Established 45-unit building with strong cash flow and rent increase potential.
Type:Multifamily
Property size:
45,000 SFPrice / SF:
$62/SF- Added:
- Jan 27, 2026
- Days on Market:
- 116
- Last Refresh:
- Apr 5 at 8:09 pm
Property Features for 8044 South Ingleside Avenue
General Information
- Standard status
- Active
- Size
- 45,000 SF
- Property subtype
- Multifamily
Listing agent Brian Mond License #475178997 (312) 662-9590
Listing office (312) 662-9590
Listing date Jan 27, 2026
Source 33realty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Brian Mond
HighLights
- Significant upside potential through strategic rent increases due to below‑market rents.
- Strong cash flow from an established 45‑unit building.
- Diverse unit mix provides excellent rental demand and flexibility with 7 studios, 13 one‑bedroom, and 25 two‑bedroom units.
- Located in East Chatham, a growing neighborhood with long‑term value appreciation opportunities.
- Excellent connectivity with multiple CTA Red Line stations and Metra Electric District service for easy access to downtown Chicago.
- Stable rental fundamentals in a historic and resilient community.
Overview
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6015
- Latitude
- 41.7487
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Established 45-unit building with strong cash flow and rent increase potential.
Where is this apartment building located?
The property is located at 8044 South Ingleside Avenue 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: Significant upside potential through strategic rent increases due to below‑market rents.; Strong cash flow from an established 45‑unit building.; Diverse unit mix provides excellent rental demand and flexibility with 7 studios, 13 one‑bedroom, and 25 two‑bedroom units.
