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Updated Multifamily Property
For Sale
$369,900
Pending

8344 S Lafayette Avenue, Chicago, IL 60620

Multi-unit building with refreshed finishes, refinished hardwood floors, and new refrigerators.

Property SizeContact for details
Days on Market22

Property Features for 8344 S Lafayette Avenue

General Information

Standard status Pending
Property subtype MULTI_FAMILY

Taxes and HOA fees

Annual Taxes $4,649

Building Details

Year Built 1930
Tenancy Multi
Listing Agency: Grandview Realty, LLC
Listed By: Christopher Lobrillo · License #187400000
Source: Dawnmckennagroup
Added: Sep 17 Changed: Oct 6 Last Checked: Oct 7 at 3:59PM

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 Grandview Realty, LLC

Investment Insights

Based on property information with market context.

Built in 1930, this Chicago multifamily property includes multiple residential units with a functional configuration suited to household living or rental use. Recent interior work includes new paint across the walls, ceilings, and trim, along with refinished hardwood flooring and newly installed refrigerators.

The property is located at 8344 S Lafayette Avenue in Chicago, Illinois 60620. Its combination of multi-unit design and completed interior improvements provides a practical residential income asset with updated in-unit finishes.

Key Highlights

  • Multiple‑unit multifamily property at 8344 S Lafayette Avenue, Chicago, IL 60620
  • Built in 1930
  • Interior walls, ceilings, and trim repainted

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Dental Office Skin Care Clinic Pharmacy

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

609
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Multifamily property - Multi-unit building with refreshed finishes, refinished hardwood floors, and new refrigerators.
Where is this multifamily property located?
The property is located at 8344 S Lafayette Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Multiple‑unit multifamily property at 8344 S Lafayette Avenue, Chicago, IL 60620; Built in 1930; Interior walls, ceilings, and trim repainted
More about this property
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