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    8817 S Elizabeth St Chicago, IL 60620

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    For Sale
    $229,000

    Two-flat with potential for a third unit and oversized lot.

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

    Overview

    Spacious Chicago Two-Flat with Potential

    This is a spacious two-flat property with potential for a third unit, in-law suite, or duplex conversion of the formally finished attic. The property features low taxes and an oversized lot. Each unit includes a huge storage area at the rear. A large parking pad provides space for 3-4 cars.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.654201
    Latitude
    41.7335536

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    FAQs

    What type of property is this?
    Duplex - Two-flat with potential for a third unit and oversized lot.
    Where is this duplex located?
    The property is located at 8817 S Elizabeth St Chicago, IL.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: - Spacious 2-flat.; - Potential for a 3rd unit, in-law suite, or duplex.; - Oversized lot.
    Request Owner's contact information
    8817 S Elizabeth St Chicago, IL 60620
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    Chicago, IL 60620
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8817 S Elizabeth St Chicago, IL 60620
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