NOT LISTED FOR SALE

8059 S Bishop St Chicago, IL 60620

Auburn Gresham Neighborhood
-- Bed
-- Bath
-- Sq Ft
1924 Built

Sale Details

Date Sold: February 26, 2025

Last sale price $565,000

72 Days on Market

About This Home

As of February 2025

GORGEOUS 9-unit Multifamily in Auburn Gresham. Large spacious 1, 2 & 3 bedroom units. Some units newly renovated. Newer boiler and hot water heater. Porches are mid-life and in need of light maintenance. Most units are rented well below market rates to long-term tenants. Tremendous opportunity for an investor to improve operations and maximize income. Strong public and private investment in the area. Close to schools and single-family homes.

Last Agent to Sell the Property

Rob Thompson

Realty Asset Advisors LLC License #471021162 Listed on: 11/04/2024

Last Buyer's Agent

Armando Vargas

Berkshire Hathaway HomeServices Chicago License #475150213

Berkshire Hathaway HomeServices Chicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,800

Year Built

  • Built in 1924

Home Design

  • Garden Apartment

Interior Spaces

  • 3-Story Property

Utilities

  • Window Unit Cooling System
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $600
  • Fuel Expense $7,700
  • Insurance Expense $6,500
  • Maintenance Expense $2,700
  • Other Expense $4,950
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • Operating Expense $45,050
  • Gross Income $104,100
  • Net Operating Income $7,150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,800

Year Built

Built in 1924

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Stories: 3
  • Year Built: 1924
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,Show-Call Listing Office,48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 5
  • Ranges: 5
  • Room: 0

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Bldg Heat

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 2400
  • Operating Expense Includes: Insurance,Legal,Maintenance,Maintenance Grounds,Maintenance Structure,Pest Control,Snow Removal,Supplies,Trash,Utilities,Vacancy Allowance,Water/Sewer,Electricity,Gas,Heat/Cooling,Real Estate Tax,Hot Water

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 5338
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 10

Multi Family

  • Net Operating Income: 7150
  • Fuel Expense: 7700
  • Insurance Expense: 6500
  • ElectricExpense: 600
  • GrossIncome: 104100
  • Maintenance Expense: 2700
  • NumberOfUnitsTotal: 9
  • OperatingExpense: 45050
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 17800
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2024
Closed on
Feb 28, 2025
Sold by
Bought by
Seller's Agent
Rob Thompson
Realty Asset Advisors LLC
Buyer's Agent
Armando Vargas
Berkshire Hathaway HomeServices Chicago
List Price
$600,000
Sold Price
$565,000
Premium/Discount to List
-$35,000
-5.83%
Views
34

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,750
Interest Rate
0.075%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,875
Interest Rate
0.065%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 18, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$565,000 Chicago Title
$242,500 1St American Title
$160,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $423,750
Previous Owner $181,875
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/26/2025 02/26/25 Sold $565,000 -5.8% --
01/15/2025 01/15/25 Pending -- -- --
11/04/2024 11/04/24 For Sale $600,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,859 $85,300 $4,270 $81,030
2024 $17,859 $85,300 $4,270 $81,030
2023 $17,410 $84,645 $4,804 $79,841
2022 $17,410 $84,645 $4,804 $79,841
2021 $17,021 $84,644 $4,804 $79,840
2020 $12,804 $57,475 $4,804 $52,671
2019 $11,547 $57,475 $4,804 $52,671
2018 $11,353 $57,475 $4,804 $52,671
2017 $11,883 $55,200 $4,403 $50,797
2016 $11,056 $55,200 $4,403 $50,797
2015 $10,115 $55,200 $4,403 $50,797
2014 $7,698 $41,489 $4,403 $37,086
2013 $7,546 $41,489 $4,403 $37,086
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2025

    Rob Thompson

    Realty Asset Advisors LLC

    (773) 672-7335

    1 in this area

    11 Total Sales

    Rob Thompson
    Section Image
  • Armando Vargas

    Buyer's Agent in 2025

    Armando Vargas

    Berkshire Hathaway HomeServices Chicago

    (312) 437-0993

    5 in this area

    120 Total Sales

    Armando Vargas
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12204120

Midwest Real Estate Data (MRED)

APN: 20321110170000

Illinois Cook County Chicago 60620 Auburn Gresham

8059 S Bishop St, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) 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 IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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