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$360,000
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8618 S Ingleside Avenue

Chicago, Illinois 60619
Closed / MLS #11421219 / Multiple Family / Chatham
Listing information updated 6/27/2023 at 10:43am
8618 S. Ingleside, a beautiful, center entrance six (6) unit building located in the historic Chatham neighborhood of Chicago's South Side. The building sits in a quiet, heavily residential pocket just blocks away from Avalon Park. Additionally, the building is situated just around the corner from the 87th St./Woodruff Metra stop and nearbyto the Dan Ryan Expressway allowing residents easy access to downtown Chicago. 8618 S. Ingleside is comprised of three (3) 2Bd/1Ba and three (3) 1Bd/1Ba units, all of which feature spacious floorplans, hardwood floors throughout, and separate living and dining rooms. Recent improvements to the building include, but are not limited to, updated kitchens and baths, individual furnaces (2021), and an updated & code compliant porch. In need of some TLC, 8618 S. Ingleside presents an investor with the unique opportunityto acquire a true value add project. Solely by cosmetic renovations and bringing units back up to speed, a new investor could see returns of nearly 30%. Additionally, by converting one bedroom units to two bedroom units, these returnscould be even further improved.

Full Features

Exterior Type:
Brick
Water Front:
No
Square Feet:
N/A
Built:
1925
Stories:
3
Zoning:
MULTI
Current Net Income:
$45,284
Unit 1:
5 room(s) / 2 bed(s) / 1 bath(s)
Unit 2:
4 room(s) / 1 bed(s) / 1 bath(s)

Taxes & Assessments

Tax Amount:
$4,229
Tax Year:
2020

Location

Zip Code:
60619
City:
Chicago
County:
Cook

Listing Office: Kiser Group Realty Inc

Listing Office Phone: 773.293.5000

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 6/27/2023 at 10:43am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Chatham, IL

A well-established neighborhood that has evolved over the years, Chatham is home to many residents that have lived in the community for much of their lives. Avalon Highlands, Chesterfield, and Chatham Fields are three of the sub-areas that comprise this tight-knit community. Listed on the National R...

Metra

Metra
Metra Electric Main Branch line at Woodruff Metra
$196,908
Average Sale Price
118
Average Days On The Market
93%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 8618 S Ingleside Avenue, Chicago, IL 60619

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8618 S Ingleside Avenue is a multiple family which sold for $360,000. This multiple family has been listed on @properties since May 31st, 2022 and was built in 1925. The nearest transit stops include Woodruff Metra Metra Metra Electric Main Branch line.

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