Seller's Agent in 2025
Melissa Morgan
Flats, LLC
(847) 456-1206
4 in this area
32 Total Sales
8544 W Gregory St Chicago, IL 60656
O'Hare Neighborhood
--
Bed
--
Bath
--
Sq Ft
1972
Built
Highlights
- Courtyard
- Baseboard Heating
- 4-minute walk to Grandparents' Park
About This Home
As of November 20258544-48 W. Gregory Street is a 12-unit multifamily building with off-street parking competitively positioned in the O'Hare submarket. The unit mix is comprised of one (1) studio, four (4) 1-bed/1-bath, six (6) 2-bed/1-bath and one (1) 3-bed/2-bath units. The property has been under the same ownership since 1988, presenting a value-add opportunity. Notable capital improvements include new roof, newer windows and apartment entry doors and a new tankless hot water heating system. All tenants are long-term with month-to-month tenancy. The location checks all the boxes for tenants with convenient access to the Cumberland CTA stop (walking distance), the Kennedy Expressway and O'Hare International Airport.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,835
Year Built
- Built in 1972
Additional Features
- 3-Story Property
- Courtyard
- Lot Dimensions are 90 x 125
- Baseboard Heating
Community Details
Overview
- 12 Units
Building Details
- Electric Expense $892
- Fuel Expense $8,664
- Insurance Expense $4,823
- Maintenance Expense $3,000
- Other Expense $18,216
- Trash Expense $7,310
- Water Sewer Expense $7,800
- Operating Expense $66,540
- Gross Income $11,050
- Net Operating Income $61,589
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/20/2025 11/20/25 | Sold | $1,900,000 | -5.0% | -- |
| 10/20/2025 10/20/25 | Pending | -- | -- | -- |
| 10/14/2025 10/14/25 | For Sale | $2,000,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| 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 | $15,835 | $111,400 | $27,100 | $84,300 |
| 2024 | $15,835 | $111,400 | $27,100 | $84,300 |
| 2023 | $15,437 | $75,054 | $19,512 | $55,542 |
| 2022 | $15,437 | $75,054 | $19,512 | $55,542 |
| 2021 | $15,092 | $75,053 | $19,512 | $55,541 |
| 2020 | $15,790 | $70,880 | $19,512 | $51,368 |
| 2019 | $14,241 | $70,880 | $19,512 | $51,368 |
| 2018 | $14,001 | $70,880 | $19,512 | $51,368 |
| 2017 | $15,081 | $70,058 | $17,073 | $52,985 |
| 2016 | $14,032 | $70,058 | $17,073 | $52,985 |
| 2015 | $12,838 | $70,058 | $17,073 | $52,985 |
| 2014 | $11,969 | $64,512 | $17,073 | $47,439 |
| 2013 | $11,733 | $64,512 | $17,073 | $47,439 |
Source: Public Records
Agents Affiliated with this Home
-
Melissa Morgan
-
Oleg Komarnytskyy
Buyer's Agent in 2025
Oleg Komarnytskyy
KOMAR
(847) 737-5037
6 in this area
279 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12495093
APN: 12111100440000
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