33
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$929,900
Est. payment /mo
15,825 SqFt
New
8156 S Laflin ST Chicago, IL 60620
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Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 15,825 sqft
Price per Sqft $58
MLS Listing ID 12784389
Maintenance Fees $5,400
Year Built 1928
Annual Tax Amount $20,007
Tax Year 2025
Lot Size 9,147 Sqft
Lot Dimensions 75 X 125
Property Sub-Type Multi Family 5+
Property Description
Knock, knock. Who's there? Opportunity. Fully rented (with a waiting list also) brick, 18-unit multifamily building offers investors a very attractive cap rate! Featuring 18 spacious one-bedroom, one-bath units, each offering hardwood floors throughout and full wood cabinet kitchens and ceramic tiled baths. New owner can modernize and increase rental income to market levels. Consider converting six of the existing units into two-bedroom layouts for even more additional income, subject to applicable approvals. Recent improvements include a new boiler, a water heater less than five years old, and significant upgrades to the rear porch. The property also offers ample street parking, adding convenience and appeal for tenants. Ideally situated directly across from Cook Elementary School, just one block north of Foster Park and only three blocks from the bustling Ashland Avenue retail corridor. This property benefits from a convenient location near shopping, dining, parks, and neighborhood amenities. Solid construction, full occupancy, recent upgrades, and substantial upside potential makes this is a 'must see' for any savvy investor. See the rest, buy the best!
Location
State IL
County Cook
Area Chi - Auburn Gresham
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling None
Fireplace N
Exterior
Roof Type Membrane,Rubber
Building
Dwelling Type Multi Family 5+
Structure Type Brick
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Listed by Hector Garcia of RE/MAX Partners
NEARBY SCHOOL & BUSINESS
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