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8156 S Laflin St
Chicago, IL 60620
Multifamily Property For Sale
·
18 Units
Investment Highlights
- Brick Building - 2 Main Entrances
- Hardwood floors throughout
- Improvements to back porch
- Spacious 1 bedroom & 1 bathroom units
- New boiler and newer water tanks
- Fully occupied
Executive Summary
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 Facts
| Price Per Unit | $75,615 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 8.55% | Building Size | 15,825 SF |
| No. Units | 18 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1928 |
| Apartment Style | Mid-Rise | ||
| Zoning | RS-3 - Residential | ||
| Price Per Unit | $75,615 CAD |
| Sale Type | Investment |
| Cap Rate | 8.55% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 15,825 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | RS-3 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 750 |
Property Taxes
| Parcel Number | 20-32-117-035-0000 | Improvements Assessment | $122,986 CAD |
| Land Assessment | $10,377 CAD | Total Assessment | $133,363 CAD |
Property Taxes
Parcel Number
20-32-117-035-0000
Land Assessment
$10,377 CAD
Improvements Assessment
$122,986 CAD
Total Assessment
$133,363 CAD
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