BEDS0
BATHS
SQUARE FEET15,825
MLS#12663399
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
18-unit multifamily investment opportunity located in Chicago's Auburn Gresham neighborhood. This corner brick apartment building offers investors a compelling value-add opportunity with dramatically below-market rents and strong upside potential through renovations and improved management. Current average rents are approximately $815/month, while renovated comparable units in the area are achieving $1,100-$1,450/month. The property consists entirely of spacious 1-bedroom/1-bathroom units and is currently fully occupied, providing immediate in-place cash flow while allowing new ownership to implement a strategic renovation program over time. Many tenants are currently month-to-month, creating flexibility for future rent adjustments and unit improvements. Recent capital improvements include a new boiler installed in 2025 and newer hot water tanks installed in 2022. The property is offered at approximately $54,389 per unit, significantly below recent comparable sales and current on-market pricing in the surrounding area. Conveniently located near public transportation, major thoroughfares, and ongoing community investment initiatives, this asset presents an excellent opportunity for investors seeking long-term appreciation and increased cash flow potential in a growing South Side submarket. (Offering Memorandum - available upon request).
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Lot Size: 0.21 Acres
Roof Type: Membrane, Rubber
Stories: 3.0
Taxes: $19,287
Year Built: 1928
Feature Descriptions
Electric: Separate Meters
Exterior: Brick
Foundation: Concrete Perimeter
HVAC: Central Bldg Heat
Lot Dimensions: 75 X 125
Parcel#: 20321170350000
Tenant Pays: Electricity
Units: 18
Listed By / Shown By
Listed By
Agency Name: @properties Commercial
Agency Phone: 312-337-0200
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 4,021.28 per month $2,134.32 Principal & Interest $1,607.25 Property Tax $279.71 Homeowner's InsuranceChange Payment Information
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8152 S Laflin Street | MLS# 12663399
This multi-family property located at 8152 S Laflin Street, Chicago, IL 60620 is currently listed for sale with an asking price of $959,000. Search Chicago real estate on www.bhhscrosby.com today.