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8156 S Laflin Street

Chicago, IL 60620
  • $999,000
  • STATUS: Active
  • MLS #: 12572161
UPDATED: 71 min ago
$999,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1928
County:
Area:

School Ratings & Info

Description

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.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2026-04-17T01:05:31.877 UTC. 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.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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8156 S Laflin Street Chicago, IL 60620

  • Price: $999,000
  • Status: Active
  • On Site: Days
  • Updated: 71 min ago
  • MLS #: 12572161
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1928
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
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.
Exterior Features

Foundation Details Concrete Perimeter Roof MembraneRubber Roof Structure Flat

Interior Features

Basement Details Unfinished Cooling None Heat Ventilation Central Bldg Heat

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 15825 Built Before1978 YN Yes Electric Separate Meters Gross Income 170580 Gross Scheduled Income 170580 Insurance Expense 18500 Maintenance Expense 5400 Mls Actual Status Active Net Operating Income 83749 Operating Expense 86831 Tax Annual Amount 18352 Tax Year 2023 Tenant Pays Electricity Total Monthly Income 14215 Type Multi Family 5+ Zoning MULTI

Listing courtesy of © 2026 Midwest Real Estate Data LLC as distributed by MLS GRID.
Listing provided courtesy of Purvey Properties, Inc.: 312-715-7767.



© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2026-04-17T01:05:31.877 UTC. 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.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Keller Williams Realty
2401 East Empire
Bloomington IL, 61704