8156 S Laflin St - Apartments FOR SALE


Chicago, IL 60620- Gresham
$979,000 USD
312-972-4381
8156 S Laflin St, Chicago, IL for Sale
$979,000 USD
Apartments - FOR SALE
1/30
null | 8.55% Cap Rate

8156 S Laflin St
Chicago, IL 60620
Gresham


HIGHLIGHTS

  • Brick Building - 2 Main Entrances
  • Spacious 1 bedroom & 1 bathroom units
  • Hardwood floors throughout
  • New boiler and newer water tanks
  • Improvements to back porch
  • Fully occupied

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$979,000 USD

PRICE/SF

$62 USD /SF

# OF UNITS

18

PRICE/UNIT

$54,389

CAP RATE

8.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

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

Kevin RocioROC Advisory Group - @properties CommercialMore Info
312-972-4381

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Kevin RocioROC Advisory Group - @properties CommercialMore Info
312-972-4381

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