NOT LISTED FOR SALE

8618 S Ingleside Ave Chicago, IL 60619

Grand Crossing Neighborhood
9 Beds
6 Baths
-- Sq Ft
1925 Built

Last Sold November 30, 2022

Last sale price $360,000

77 Days on Market

Highlights

  • Floor Furnace
  • 2-minute walk to 87Th Street (Woodruff) Station
  • 3-minute walk to Lorraine L. Dixon Park

About This Home

As of November 2022

8618 S. Ingleside, a beautiful, center entrance six (6) unit building located in the historic Chatham neighborhood of Chicago's South Side. The building sits in a quiet, heavily residential pocket just blocks away from Avalon Park. Additionally, the building is situated just around the corner from the 87th St./Woodruff Metra stop and nearbyto the Dan Ryan Expressway allowing residents easy access to downtown Chicago. 8618 S. Ingleside is comprised of three (3) 2Bd/1Ba and three (3) 1Bd/1Ba units, all of which feature spacious floorplans, hardwood floors throughout, and separate living and dining rooms. Recent improvements to the building include, but are not limited to, updated kitchens and baths, individual furnaces (2021), and an updated & code compliant porch. In need of some TLC, 8618 S. Ingleside presents an investor with the unique opportunityto acquire a true value add project. Solely by cosmetic renovations and bringing units back up to speed, a new investor could see returns of nearly 30%. Additionally, by converting one bedroom units to two bedroom units, these returnscould be even further improved.

Last Agent to Sell the Property

Aaron Sklar

Kiser Group Realty Inc License #475161507 Listed on: 05/31/2022

Co-Listed By

Noah Birk

Kiser Group Realty Inc License #475125864

Last Buyer's Agent

Aaron Sklar

Kiser Group Realty Inc License #475161507 Listed on: 05/31/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,229

Year Built

  • Built in 1925

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Additional Features

  • 3-Story Property
  • Lot Dimensions are 50' x 125'
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $509
  • Fuel Expense $2,542
  • Insurance Expense $2,400
  • Maintenance Expense $2,550
  • Manager Expense $3,493
  • Other Expense $1,300
  • Trash Expense $1,438
  • Water Sewer Expense $4,313
  • Operating Expense $24,575
  • Gross Income $73,523
  • Net Operating Income $45,284

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,229

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1925
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required,No Sign on Property
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Exterior Building Type: Brick

Utilities

  • Heat/Ventilation: Individual Furnaces

Condo/Co-op/Association

  • Manager Expense: 3493

Fee Information

  • Trash Expense: 1438
  • Water Sewer Expenses: 4313

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50' X 125'
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 45284
  • Fuel Expense: 2542
  • Insurance Expense: 2400
  • ElectricExpense: 509
  • GrossIncome: 73523
  • Maintenance Expense: 2550
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 24575
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 4229
  • Tax Year: 2020

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2022 11/30/22 Sold $360,000 -6.5% --
08/18/2022 08/18/22 Pending -- -- --
08/11/2022 08/11/22 Price Changed $385,000 -14.4% --
06/01/2022 06/01/22 For Sale $450,000 +87.5% --
02/15/2017 02/15/17 Sold $240,000 -7.7% -- View Prior Sale
11/27/2016 11/27/16 Pending -- -- --
11/07/2016 11/07/16 For Sale $259,900 +88.3% --
03/31/2016 03/31/16 Sold $138,000 +2.2% -- View Prior Sale
02/18/2016 02/18/16 Pending -- -- --
11/07/2015 11/07/15 For Sale $135,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $5,064 $30,175 $4,725 $25,450
2024 $5,064 $30,175 $4,725 $25,450
2023 $4,936 $24,000 $7,875 $16,125
2022 $4,936 $24,000 $7,875 $16,125
2021 $4,826 $24,000 $7,875 $16,125
2020 $4,229 $18,986 $5,670 $13,316
2019 $4,335 $21,576 $5,670 $15,906
2018 $4,262 $21,576 $5,670 $15,906
2017 $5,154 $23,941 $5,040 $18,901
2016 $4,295 $23,941 $5,040 $18,901
2015 $3,906 $23,941 $5,040 $18,901
2014 $4,076 $24,535 $4,410 $20,125
2013 $3,984 $24,535 $4,410 $20,125
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Aaron Sklar

    Kiser Group Realty Inc

    Section Image

  • N

    Seller Co-Listing Agent in 2022

    Noah Birk

    Kiser Group Realty Inc

    Section Image
  • Britta Welbon-Rivera

    Seller's Agent in 2017

    Britta Welbon-Rivera

    Baird Warner

    (312) 806-3297

    1 in this area

    62 Total Sales

    Britta Welbon-Rivera
    Section Image
  • Brande Guilmette-Hampton

    Buyer's Agent in 2017

    Brande Guilmette-Hampton

    Centered International Realty

    (312) 806-3026

    3 in this area

    76 Total Sales

    Brande Guilmette-Hampton
    Section Image
  • Terry Perdue

    Seller's Agent in 2016

    Terry Perdue

    House 2 Home

    (773) 527-2455

    1 in this area

    42 Total Sales

    Terry Perdue
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11421219

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60619 Grand Crossing

8618 S Ingleside Ave, Chicago, IL

Not Listed for Sale

MultiFamily

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) Based on information submitted to the MLS GRID. 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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes