Well-Maintained Nine-Unit Apartment
For Sale
$1,250,000
Pending
8647 1/2 W Foster Avenue, Chicago, IL 60656
Well-maintained nine-unit building with HOA-managed common area services and practical value-add rent upside.
Days on Market54
Property Features for 8647 1/2 W Foster Avenue
General Information
Standard status
Pending
Property subtype
Commercial
Additional Details
Multifamily Units
9
Building Details
Year Built
1978
Listing Agency:
RPM DUPAGE PREFERRED
(630) 427-2200
Listed By:
JAMES POGORELEC
Source:
Corcoran
Added: Jun 11
Changed: Jul 10
Last Checked: Aug 2 at 3:05AM
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 RPM DUPAGE PREFERRED
Investment Insights
Based on property information with market context.
This is a well-maintained nine-unit apartment building offered for sale. The property is positioned as a residential income asset, with the HOA handling several key exterior and utility services including parking lot care, landscape maintenance, snow removal, water, trash, and insurance.
The building is located in Chicago near O’Hare Airport, with access to transportation and the forest preserve. That surrounding context supports convenient day-to-day connectivity for residents who value proximity to major routes and nearby outdoor space.
For buyers seeking a multifamily investment, the existing nine-unit structure provides immediate operational scale within a manageable building footprint. With the HOA covering a defined set of ongoing building-related expenses, ownership may be easier to budget and administer. The listing also notes a potential to pursue higher rent rates, making it a fit for investors interested in making measured improvements while retaining a well-kept, income-producing foundation.
The building is located in Chicago near O’Hare Airport, with access to transportation and the forest preserve. That surrounding context supports convenient day-to-day connectivity for residents who value proximity to major routes and nearby outdoor space.
For buyers seeking a multifamily investment, the existing nine-unit structure provides immediate operational scale within a manageable building footprint. With the HOA covering a defined set of ongoing building-related expenses, ownership may be easier to budget and administer. The listing also notes a potential to pursue higher rent rates, making it a fit for investors interested in making measured improvements while retaining a well-kept, income-producing foundation.
Key Highlights
- Well‑maintained 9‑unit building built in 1978
- HOA covers parking lot maintenance, landscaping, snow removal, water, trash, and insurance
- Property is located in Chicago near O'Hare airport, transportation, and the forest preserve
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
976
Businesses Nearby
Explore this area
Business Placement
Demographics for 60656, IL
28,474
Population
12,840
Households
2.2
Avg Household Size
40
Median Age
42%
College-Educated
92%
High-School Grad
3.2 sq mi
ZIP Area
8,898
Density / Sq Mi
$88,000
Median Household Income
$54,639
Median Earnings
$1,388
Median Rent
$344,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained nine-unit building with HOA-managed common area services and practical value-add rent upside.
Where is this apartment building located?
The property is located at 8647 1/2 W Foster Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Well‑maintained 9‑unit building built in 1978; HOA covers parking lot maintenance, landscaping, snow removal, water, trash, and insurance; Property is located in Chicago near O'Hare airport, transportation, and the forest preserve
