Property profile & analytics
8627 S Ingleside Ave Chicago, IL 60619
- Garden apartment buildings
- 0.14 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-5892224
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Garden apartment buildings
Property Details for 8627 S Ingleside Ave
- Year built
- 1961
- Lot size
- 0.14 lot acres
- Property type
- Garden apartment buildings
- APN
- 20-35-317-005
- APU
- 2035317005
Description
This meticulously maintained eight-unit apartment building in Chicago's desirable Chatham neighborhood offers a compelling investment opportunity. Located on a quiet, tree-lined street near 87th Street's commercial corridor, the property boasts a long-term tenant base and features eight spacious one-bedroom, one-bathroom apartments. Each unit includes updated kitchens and baths, and benefits from abundant natural light. Recent capital improvements include masonry and tuckpointing, roof work, a modern high-efficiency central boiler system, and newer windows. A fenced rear parking lot accommodates approximately six vehicles. The building's strong cash flow currently yields a cap rate exceeding 9%, with significant potential for increased returns through rental adjustments, pushing the cap rate towards 11%. This property presents a rare chance to acquire a positive cash-flowing asset in a highly sought-after location, offering both immediate income and long-term growth potential. The 6,316 square foot building is situated in Cook County, Illinois, with a zip code of 60619.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $645,000
- ML approach
- $650,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6009
- Latitude
- 41.7377
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$5,510
$5,670
$21,118
$26,788
-
$56,700
$211,180
$267,880
