$2,050,000
SOLD JUN 10, 2025

8300 W Forest Preserve Ave Chicago, IL 60634

Belmont Terrace Neighborhood
-- Bed
-- Bath
-- Sq Ft
1965 Built

Recently Sold

11% Below List Price

109 Days on Market

About This Home

As of June 2025

Prime location rarely available first time on the market. Corner Twelve Unit Apartment all brick Building original owners. Cumberland just east Forest Preserve Avenue. All apartment units / tenants have storage. Two separate laundry rooms. Hardwood floors through out - except first ground floor apartments. Roof age approximately twelve years old. Plenty street parking, 24/7. Long term tenants! Owner/investors have an opportunity to increase market rents. All apartments are fully occupy Showings weekend only *** Additional income from two laundry facilities on site ***

Last Agent to Sell the Property

Joe Zivoli

USA Real Estate Ltd. License #471001855 Listed on: 11/16/2024

Last Buyer's Agent

Stella Petridis

Procure Realty Group License #471008211

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,220

Year Built

  • Built in 1965

Lot Details

  • Corner Lot

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Carbon Monoxide Detectors

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $698
  • Fuel Expense $8,161
  • Insurance Expense $6,381
  • Trash Expense $4,213
  • Water Sewer Expense $4,902
  • Operating Expense $39,575
  • Gross Income $211,140
  • Net Operating Income $171,565

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,220

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1965
  • Built Before 1978 (Y/N): Yes
  • Information: No Sign on Property
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Fire Protection: Carbon Monoxide Detector(s)
  • Fireplaces: 2
  • Refrigerators: 12
  • Ranges: 12
  • Number of Windows: 10
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 2299000
  • Roof Structure: Hip

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers
  • Water Source: Municipal Water
  • Heat/Ventilation: Gas,Hot Water
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 4213
  • Water Sewer Expenses: 4902
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: PER PLAT
  • Zoning: MULTI
  • Land Amenities: Sidewalks
  • Alternate Phone Number: (847) 640-6800

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 10
  • Tenancy Type: Leases

Building Info

  • Building Unit Info: Smoke/Alarm Detector,Storage/Locker Area

Multi Family

  • Net Operating Income: 171565
  • Fuel Expense: 8161
  • Insurance Expense: 6381
  • ElectricExpense: 698
  • GrossIncome: 211140
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 39575
  • Expense Year: 2023
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 15220
  • Tax Year: 2023

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Sold $2,050,000 -10.8% --
03/05/2025 03/05/25 Pending -- -- --
11/16/2024 11/16/24 For Sale $2,299,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12210787

Midwest Real Estate Data (MRED)

APN: 12234100440000