BEDS0
BATHS
SQUARE FEET15,825
MLS#12572161
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
This solid brick 18-unit multifamily building presents an exceptional value-add opportunity. Currently, the building is fully occupied. Each unit is a spacious one-bedroom, one-bath layout featuring hardwood floors throughout and classic vintage kitchens and baths-ready for thoughtful updates that can unlock strong rental upside. Investors will appreciate the potential to modernize interiors, increase rents to market levels, and explore the possibility of converting six units into two-bedroom layouts for even greater income growth. It has a new boiler, the water tank is less than 5 yrs old and significant improvements were made to the back porch. The property offers ample off-street parking and is ideally situated directly across from Cook Elementary School, just one block north of Foster Park, and three blocks from the vibrant retail corridor along Ashland Avenue-an attractive location for tenants seeking convenience and community.
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Lot Size: 0.21 Acres
Roof Type: Membrane, Rubber
Stories: 3.0
Taxes: $18,352
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: Purvey Properties, Inc.
Agency Phone: 312-715-7767
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 4,044.05 per month $2,223.34 Principal & Interest $1,529.33 Property Tax $291.38 Homeowner's InsuranceChange Payment Information
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8156 S Laflin Street | MLS# 12572161
This multi-family property located at 8156 S Laflin Street, Chicago, IL 60620 is currently listed for sale with an asking price of $999,000. Search Chicago real estate on www.bhhscrosby.com today.