Renovated Legal
8612 S Burnham Ave, Chicago, IL 60617
For Sale
$489,700
Three separately metered apartments offer an updated layout with flexible owner-occupant or rental use.
Property SizeContact for details
Days on Market50
Property Features for 8612 S Burnham Ave
General Information
Standard status
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
central air conditioning
stainless steel appliances
granite countertops
rear porch
separately metered units
Building Details
Year Built
Buildings
Listing Agency:
Woodhaven Lakes Realty Inc
Listed By:
Nick Nastos
(312) 243-5200
Source:
Chicagospropertyshop
Added: Sep 19
Changed: Nov 6
Last Checked: Nov 6 at 8:36AM
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 Woodhaven Lakes Realty Inc
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Investment Insights
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This legal three-unit property in South Chicago was gut renovated with new electrical, plumbing, HVAC, and central air conditioning. The unit mix includes two two-bedroom, one-bath apartments and one four-bedroom, two-bath apartment, totaling 8 bedrooms and 4 bathrooms. Updated interiors include renovated kitchens and baths, new flooring, granite countertops, stainless-steel appliances, and a new rear porch. The building was constructed in 1898.
Each apartment is separately metered. The basement contains three individual storage areas and a laundry hookup, while the rear parking pad provides off-street parking. The property also offers flexible occupancy options, including living in one apartment while leasing the others or operating all three as residential units. South Chicago access includes Rainbow Beach, the lakefront, Metra, public transportation, neighborhood amenities, and major roadways.
Each apartment is separately metered. The basement contains three individual storage areas and a laundry hookup, while the rear parking pad provides off-street parking. The property also offers flexible occupancy options, including living in one apartment while leasing the others or operating all three as residential units. South Chicago access includes Rainbow Beach, the lakefront, Metra, public transportation, neighborhood amenities, and major roadways.
Key Highlights
- Legal 3‑unit property with 8 bedrooms and 4 bathrooms
- Unit mix includes two 2‑bedroom/1‑bath units and one 4‑bedroom/2‑bath unit
- Gut renovation includes new electrical, plumbing, HVAC, central air, kitchens, bathrooms, and flooring
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
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Business Placement
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
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Market
Properties on Market for Triplexes in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered apartments offer an updated layout with flexible owner-occupant or rental use.
Where is this triplex located?
The property is located at 8612 S Burnham Ave Chicago, IL.
What is the asking price?
The asking price for this property is $489,700.
What are key features of this property?
This property features: Legal 3‑unit property with 8 bedrooms and 4 bathrooms; Unit mix includes two 2‑bedroom/1‑bath units and one 4‑bedroom/2‑bath unit; Gut renovation includes new electrical, plumbing, HVAC, central air, kitchens, bathrooms, and flooring
