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8156 S Laflin St Chicago, IL 60620

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For Sale
$999,000

Value-add multifamily building near Foster Park and Ashland Avenue.

Lot size:
0.21 Acres

Property Features for 8156 S Laflin St

General Information

Standard status
Active
Lot size
0.21 Acres

Building Details

Year built
1928

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Listing Contact
Kuwana Norman
Kuwana Norman
Source: Corcoran

Listing Agency: Axios Properties, Inc. Listing Agent: Kuwana Norman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

18-Unit Multifamily Building Opportunity

This is a solid brick 18-unit multifamily building. Each unit features a one-bedroom, one-bath layout. The units have hardwood floors throughout, as well as vintage kitchens and baths. There is potential to modernize interiors and increase rents. There is also the possibility of converting six units into two-bedroom layouts. The building has a new boiler, and the water tank is less than 5 years old. Significant improvements were made to the back porch. The property offers ample off-street parking. It is located directly across from Cook Elementary School, one block north of Foster Park, and three blocks from the retail corridor along Ashland Avenue.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6611188
Latitude
41.7451725

FAQs

What type of property is this?
Apartment building - Value-add multifamily building near Foster Park and Ashland Avenue.
Where is this apartment building located?
The property is located at 8156 S Laflin St Chicago, IL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: - Value-add opportunity with potential to increase rents through interior modernizations.; - Potential to convert six units into two-bedroom layouts for increased income.; - Ample off-street parking.
More about this property
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