8000 S Paxton Avenue

Chicago, Illinois 60617

Closed / MLS #11309690 / Multiple Family / Out of Area South

Listing information updated 8/3/2023 at 1:24pm

8000 S Paxton is a 21-unit multifamily property located in the South Chicago neighborhood of Chicago, IL. This property is located in a federal qualified opportunity zone and consists of (3) studios, one-bath units, (17) one-bedroom, one-bath units and (1) two-bedroom, one-bath units. The property, built in 1928, has benefited from many capital improvements and is fully occupied. The subject property is 17.2 miles South West of Midway International Airport and 10 miles from Chicago's central business district. The South Chicago neighborhood has direct access to Lake Shore Drive and Chicago Skyway. The Metra line is under construction and many other exciting developments. The subject property is 2.6 miles west of Chicago's Rainbow Beach and Eugene Sawyer Water Purification Plant. It is 10.5 miles from Chicago's central business district. This property gives an investor the opportunity to acquire a well-maintained asset and achieve above-average returns from day one.

Full Features

Water Front:

Square Feet:

N/A

Built:

1928

Parking Spaces:

Stories:

Current Net Income:

$122,363

Unit 1:

2 room(s) / 0 bed(s) / 1 bath(s)

Unit 2:

3 room(s) / 1 bed(s) / 1 bath(s)

Unit 3:

4 room(s) / 2 bed(s) / 1 bath(s)

Taxes & Assessments

Tax Amount:

$17,910

Tax Year:

2020

Location

Zip Code:

60617

City:

Chicago

County:

Cook

Listing Office: Keller Williams ONEChicago

Listing Office Phone: 312.216.2422

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