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4-Unit Multifamily Building
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8240 S Houston Avenue, Chicago, IL 60617

A mixed residential layout includes two-bedroom and one-bedroom apartments.

Property SizeContact for details
Days on Market13

Property Features for 8240 S Houston Avenue

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multifamily
Zoning MULTI
Listing Agency: RE/MAX 10
Listed By: Dean Chowaniec · License #475101727
Source: Crexi
Added: Jul 30 Changed: Aug 10 Last Checked: Aug 11 at 10:53AM

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 RE/MAX 10

Investment Insights

Based on property information with market context.

This Chicago quadplex includes four residential units arranged as two two-bedroom apartments and two one-bedroom apartments. The stated layouts include living rooms, kitchens, and full bathrooms. Recent property work includes a newer roof, an enclosed rear porch with updated stairs, updated electric service, and partial drywall improvements. Separate utilities and existing 4-meter electric service are also in place, while MULTI zoning supports the multifamily classification.

The property is located at 8240 S Houston Avenue, directly across from Epic Academy and one block from the 83rd Street Metra Electric Line. Nearby destinations identified in the property information include Lake Michigan, beaches, bike trails, Jackson Park, the Obama Presidential Center, Hyde Park, the University of Chicago, and downtown Chicago.

Key Highlights

  • Four residential units: 2 two‑bedroom apartments and 2 one‑bedroom apartments
  • MULTI zoning with separate utilities
  • Existing 4‑meter electric service

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Pharmacy (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

504
Businesses Nearby

Demographics for 60617, IL

77,270
Population
35,031
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
82%
High-School Grad
13.7 sq mi
ZIP Area
5,640
Density / Sq Mi
$51,237
Median Household Income
$36,926
Median Earnings
$1,010
Median Rent
$168,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - A mixed residential layout includes two-bedroom and one-bedroom apartments.
Where is this quadplex located?
The property is located at 8240 S Houston Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $154,918.
What are key features of this property?
This property features: Four residential units: 2 two‑bedroom apartments and 2 one‑bedroom apartments; MULTI zoning with separate utilities; Existing 4‑meter electric service
(773) 203-0200 Call to check price and availability
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