NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1972 Built

Sale Details

Date Sold: November 20, 2025

Last sale price $1,900,000

6 Days on Market

Highlights

  • Courtyard
  • Baseboard Heating
  • 4-minute walk to Grandparents' Park

About This Home

As of November 2025

8544-48 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.

Last Agent to Sell the Property

Melissa Morgan

Flats, LLC License #475165598 Listed on: 10/14/2025

Last Buyer's Agent

Oleg Komarnytskyy

KOMAR License #471021311

KOMAR
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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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,835

Year Built

Built in 1972

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Courtyard
  • Stories: 3
  • Year Built: 1972
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Utilities

  • Heat/Ventilation: Baseboard

Fee Information

  • Trash Expense: 7310
  • Water Sewer Expenses: 7800

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 90 X 125

Rental Info

  • Board Number: 2

Multi Family

  • Net Operating Income: 61589
  • Fuel Expense: 8664
  • Insurance Expense: 4823
  • ElectricExpense: 892
  • GrossIncome: 11050
  • Maintenance Expense: 3000
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 66540
  • Type Multi-Family: Courtyard

Tax Info

  • Tax Annual Amount: 15835
  • 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
Oct 14, 2025
Closed on
Nov 24, 2025
Sold by
Bought by
Seller's Agent
Melissa Morgan
Flats, LLC
Buyer's Agent
Oleg Komarnytskyy
KOMAR
List Price
$2,000,000
Sold Price
$1,900,000
Premium/Discount to List
-$100,000
-5%
Views
42

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,425,000
Outstanding Balance
$1,364,166
Interest Rate
6.3%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,900,000 Saturn Title
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 $1,425,000
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
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

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 $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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12495093

Midwest Real Estate Data (MRED)

APN: 12111100440000

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