Corner Brick Multifamily
For Sale
$959,000
8152 South Laflin Street, Chicago, IL 60620
18-unit, fully occupied apartment building with all 1-bed/1-bath units and recent mechanical upgrades including a 2025 boiler.
Property Size9,315 SF
Price / SF$102.95
Days on Market87
Property Features for 8152 South Laflin Street
General Information
Standard status
Active
Size
9,315 SF
Property subtype
Multi Family 5+ / Corridor-Exterior Entrance
Zoning
MULTI
Occupancy
100%
Net Operating Income
$76,123
Additional Details
Multifamily Units
18
Taxes and HOA fees
Annual Taxes
$19,287
Building Details
Year Built
1928
Stories
3
Tenancy
Multi
Listing Agency:
@properties Christie's International Real Estate
(312) 972-4381
Listed By:
Kevin Rocio · License #475128895
(312) 972-4381
Source:
Compass
Added: May 29
Changed: Aug 23
Last Checked: Jul 23 at 7:08AM
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 @properties Christie's International Real Estate
Investment Insights
Based on property information with market context.
Corner brick multifamily apartment building featuring 18 units, all configured as spacious 1-bedroom/1-bathroom apartments. The property is currently fully occupied, with many tenants on month-to-month arrangements. Recent capital improvements include a new boiler installed in 2025 and newer hot water tanks installed in 2022.
Located in Chicago’s Auburn Gresham neighborhood, the building is described as conveniently near public transportation and major thoroughfares. Public remarks also cite nearby community investment initiatives.
According to the offering information, current average rents are approximately $815 per month, with renovated comparable units in the area reportedly achieving $1,100 to $1,450 per month. The opportunity is presented with the intent to renovate and manage units over time, with the current in-place occupancy supporting immediate cash flow.
Located in Chicago’s Auburn Gresham neighborhood, the building is described as conveniently near public transportation and major thoroughfares. Public remarks also cite nearby community investment initiatives.
According to the offering information, current average rents are approximately $815 per month, with renovated comparable units in the area reportedly achieving $1,100 to $1,450 per month. The opportunity is presented with the intent to renovate and manage units over time, with the current in-place occupancy supporting immediate cash flow.
Key Highlights
- 18‑unit corner brick apartment building in Chicago’s Auburn Gresham neighborhood, built in 1928
- All units are 1‑bedroom/1‑bath and the building is currently fully occupied
- Current average rents are about $815/month; renovated comparable units in the area rent for $1,100–$1,450/month
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
Explore this area
Business Placement
Demographics for 60620, IL
66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - 18-unit, fully occupied apartment building with all 1-bed/1-bath units and recent mechanical upgrades including a 2025 boiler.
Where is this apartment building located?
The property is located at 8152 South Laflin Street Chicago, IL.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: 18‑unit corner brick apartment building in Chicago’s Auburn Gresham neighborhood, built in 1928; All units are 1‑bedroom/1‑bath and the building is currently fully occupied; Current average rents are about $815/month; renovated comparable units in the area rent for $1,100–$1,450/month
