Chatham Multifamily Investment
For Sale
$2,999,000
8054 S Ingleside Ave, Chicago, IL 60619
45 unit center-entrance courtyard located in the Chatham neighborhood of Chicago’s South Side.
Property Size37,800 SF
Lot Size0.87 Acres
Price / SF$79.34
Days on Market629
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
Listed By:
Aaron Sklar
(773) 293-5032
Added: Jan 16, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Large, 45 Unit, Center Entranced Courtyard
- Updated Mechanics
- Brand New Exterior Porch System
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,508
Businesses Nearby
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Business Placement
Demographics for 60619, IL
63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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
