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2-Unit Mixed-Use Property
For Sale
$560,000

8110 W Addison Street, Chicago, IL 60634

Two upper-floor apartments offer rental potential; the ground floor requires conversion to residential use.

Property SizeContact for details
Days on Market25

Property Features for 8110 W Addison Street

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $9,905

Building Details

Year Built 1963
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: Compass
Listed By: Richard Kasper · License #475146171
Source: Gogginrealestate
Added: Sep 29 Changed: Oct 22 Last Checked: Oct 22 at 2:14PM

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 Compass

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Investment Insights

Based on property information with market context.

Built in 1963, the property has two residential apartments on the upper floor. The front apartment contains three bedrooms and two bathrooms; the rear apartment has one bedroom and one bathroom.

The ground floor has a history of commercial use spanning approximately 30 years. It must be converted to residential use by the next owner, subject to applicable City of Chicago requirements.

Key Highlights

  • Two existing apartments on the upper floor
  • Front apartment has 3 bedrooms and 2 bathrooms
  • Rear apartment has 1 bedroom and 1 bathroom

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Restaurant Dental Office Food Market Grocery & Convenience Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

539
Businesses Nearby

Demographics for 60634, IL

75,694
Population
29,344
Households
2.6
Avg Household Size
41
Median Age
27%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
10,661
Density / Sq Mi
$84,997
Median Household Income
$46,694
Median Earnings
$1,271
Median Rent
$333,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two upper-floor apartments offer rental potential; the ground floor requires conversion to residential use.
Where is this mixed-use property located?
The property is located at 8110 W Addison Street Chicago, IL.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Two existing apartments on the upper floor; Front apartment has 3 bedrooms and 2 bathrooms; Rear apartment has 1 bedroom and 1 bathroom
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