6
See all 6 photos
Listed by Dean Chowaniecof RE/MAX 10
-
Est. payment /mo
6 Beds
Active
8240 S Houston AVE Chicago, IL 60617
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12651915
Bedrooms 6
Annual Tax Amount $844
Tax Year 2023
Lot Dimensions 25X125
Property Sub-Type Two to Four Units
Property Description
Rare South Shore multifamily investment opportunity with tremendous upside potential, low property taxes, and strong long-term growth prospects! This classic Chicago multi-family building features four spacious residential units, 2-two bedrooms, 2-one bedrooms, living room, kitchen, and full bathroom layout an ideal setup for investors, owner-occupants, rental portfolio expansion, or value-add redevelopment strategies. Located directly across from highly regarded Epic Academy and only one block from the 83rd Street Metra Electric Line, this transit-oriented location provides quick access to downtown Chicago, Hyde Park, the University of Chicago, and the rapidly expanding South Side technology and innovation corridor. Conveniently positioned near Lake Michigan, beaches, bike trails, Jackson Park, the Obama Presidential Center, and the future Quantum Computing & Advanced Technology hub expected to bring continued economic investment and neighborhood revitalization to the area. Recent capital improvements include a newer roof, newer enclosed rear porch with updated stairs, updated electric service, and partial drywall improvements. Separate utilities and existing 4-meter electric service already in place provide excellent flexibility for investors seeking strong rental income potential, multi-unit cash flow, redevelopment possibilities, or long-term appreciation in one of Chicago's emerging investment corridors. Excellent opportunity for savvy investors, developers, or rehab buyers looking to capitalize on Chicago multifamily real estate, transit-oriented development, and future neighborhood growth. Cash, Hard Money or Reno Loans only.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Exterior
View Y/N true
Roof Type Asphalt
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Lake Michigan
Structure Type Vinyl Siding,Frame
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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