8054 S Ingleside Ave Chicago, IL 60619
45 unit center-entrance courtyard located in the Chatham neighborhood of Chicago’s South Side.
Property size:
37,800 SFLot size:
0.87 Acres- Added:
- Jan 16, 2025
- Days on Market:
- 442
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 8054 S Ingleside Ave
General Information
- Standard status
- Active
- Property type
- Multifamily properties, Residential income homes, Other residential income properties, Residential income properties, Investment properties
- Size
- 37,800 SF
- Elevators
- N/A
- Lot size
- 0.87 Acres
Listing agent Aaron (773) 293-5032
Listing office (773) 293-5032
Listing date Jan 16, 2025
Overview
Chatham Multifamily Investment Opportunity
This 45-unit multifamily property is located in Chicago's Chatham neighborhood. The center-entrance courtyard building, situated on a quiet, tree-lined, one-way street, features a maintained exterior. The property is conveniently located near the 83rd Street/Avalon Park Metra train station, providing access to downtown Chicago. The building comprises seven studios, thirteen one-bedroom units, and twenty-five two-bedroom units. All units have been renovated to varying degrees based on tenant occupancy. Building improvements include a new Weil and McLean heating system, individual hot water heaters, a repaired roof, and new, code-compliant porch systems. The property offers a cash-flowing asset. Value-add potential exists through improved leasing and management strategies, and by converting remaining one-bedroom units to two-bedroom units. The property sits on a 0.86-acre lot and offers a total building size of 37,800 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
JJay's L.L.C
General Contractor
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6051
- Latitude
- 41.744
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - 45 unit center-entrance courtyard located in the Chatham neighborhood of Chicago’s South Side.
Where is this multifamily property located?
The property is located at 8054 S Ingleside Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Large, 45 Unit, Center Entranced Courtyard; Updated Mechanics; Brand New Exterior Porch System
