8618 S Ingleside Ave Chicago, IL 60619
Grand Crossing Neighborhood
9
Beds
6
Baths
--
Sq Ft
1925
Built
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 20228618 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
Similar Homes in the area
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
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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% | -- |
| 11/27/2016 11/27/16 | Pending | -- | -- | -- |
| 11/07/2016 11/07/16 | For Sale | $259,900 | 0.0% | -- |
| 09/10/2016 09/10/16 | Rented | $850 | -5.6% | -- |
| 05/21/2016 05/21/16 | Off Market | $900 | -- | -- |
| 05/17/2016 05/17/16 | For Rent | $900 | 0.0% | -- |
| 03/31/2016 03/31/16 | Sold | $138,000 | +2.2% | -- |
| 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
Agents Affiliated with this Home
-
A
Seller's Agent in 2022
Aaron Sklar
Kiser Group Realty Inc
-
N
Seller Co-Listing Agent in 2022
Noah Birk
Kiser Group Realty Inc
-
Britta Welbon-Rivera
Seller's Agent in 2017
Britta Welbon-Rivera
Baird Warner
(312) 806-3297
66 Total Sales
-
Brande Guilmette-Hampton
Buyer's Agent in 2017
Brande Guilmette-Hampton
Centered International Realty
(312) 806-3026
3 in this area
81 Total Sales
-
Terry Perdue
Seller's Agent in 2016
Terry Perdue
House 2 Home
(773) 527-2455
1 in this area
49 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11421219
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