8156 S Laflin St - Apartments FOR SALE


Chicago, IL 60620- Gresham
$1,049,000 USD
773-293-5090
8156 S Laflin St, Chicago, IL for Sale
$1,049,000 USD
Apartments - FOR SALE
1/5
null | 8% Cap Rate

8156 S Laflin St
Chicago, IL 60620
Gresham


HIGHLIGHTS

  • Eighteen (18) 1Bd/1Ba units
  • New (2025) Weil-McLain Boiler
  • New (2023) Hot Water Heater & Storage Tanks
  • Value Add Opportunity

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 8156 S. Laflin, an eighteen (18) unit walk up located in the heart of Auburn Gresham. The building is ideally situated within blocks of Ashland & 79th Street, the center of Auburn Gresham with restaurants, shopping, banking, and public transportation nearby. 8156 S. Laflin is comprised solely of spacious 1Bd/1Ba units with hardwood flooring throughout. Additionally, all of the units contain both a living room and dining room. Recent improvements to the building consist of, but not limited to: new porches, new windows, new (2025) Weil-McLain boiler, new (2023) hot water heater and storage tanks, spot copper plumbing, as well as spot tuckpointing where needed. 8156 S. Laflin provides an investor the opportunity to acquire an in-place cap rate of 8% with a large value add opportunity for any potential investor. Through improved leasing and management, there is an additional opportunity to increase rents and achieve a 13.67% cap rate along with a 31.92% cash-on-cash return.

FOR SALE DETAILS

PRICE

$1,049,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

18

PRICE/UNIT

$58,278

CAP RATE

8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

RS-3

APN/PARCEL ID

20-32-117-035-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.