NOT LISTED FOR SALE

8944 S Burley Ave Chicago, IL 60617

South Chicago Neighborhood
-- Bed
5 Baths
3,408 Sq Ft
1900 Built

Last Sold May 28, 2025

Last sale price $130,000 $38 Per Sq Ft

64 Days on Market

Highlights

  • Forced Air Heating System
  • Baseboard Heating
  • 5-minute walk to South Chicago Peoples Park

About This Home

As of May 2025

PLEASE NOTE THAT MOST OF THE PHOTOS WERE TAKEN BEFORE THE UNITS WERE OCCUPIED BY TENANTS. Rehabbed in 2023, Fully rented 5 unit (With a potential for 6th ground unit/in law unit! 2 buildings on the same lot. Front building has 2 units (possible 3rd) and the back building has 3 units! Tenants pay for their own gas and Electric! 4- 2 bedroom units and 1-3 bedroom unit! Close to the, Stores, Highways, and Public Transportation! Income can and should be much higher. Only 2 units have been turned over as the other tenants are long term tenants with low monthly rents.

Last Agent to Sell the Property

Boris Oberman

Realty Advisors Elite LLC License #475164495 Listed on: 03/19/2025

Last Buyer's Agent

Joseph Konney

Top Care Realty LLC License #471021793

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,960

Year Built

  • Built in 1900

Utilities

  • No Cooling
  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Separate Meters

Additional Features

  • 2-Story Property
  • Lot Dimensions are 25x125

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $3,342
  • Maintenance Expense $1,884
  • Trash Expense $860
  • Water Sewer Expense $3,292
  • Operating Expense $11,764
  • Gross Income $36,000
  • Net Operating Income $23,478

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,960

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1900
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Utilities

  • Cooling: None
  • Heat/Ventilation: Forced Air,Gas,Wall Unit,Baseboard,Separate Per Unit

Fee Information

  • Trash Expense: 860
  • Water Sewer Expenses: 3292

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Zoning: MULTI

Rental Info

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

Multi Family

  • Net Operating Income: 23478
  • Insurance Expense: 3342
  • GrossIncome: 36000
  • Maintenance Expense: 1884
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 11764
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 1960
  • Tax Year: 2022

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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 List to Sale Price per Sq Ft Prior Sale
05/28/2025 05/28/25 Sold $130,000 -31.5% $38 / Sq Ft
03/19/2025 03/19/25 For Sale $189,900 +99.9% $56 / Sq Ft
05/05/2021 05/05/21 Sold $95,000 -12.8% -- View Prior Sale
02/11/2021 02/11/21 Pending -- -- --
10/28/2020 10/28/20 For Sale $109,000 0.0% --
10/19/2020 10/19/20 Pending -- -- --
08/30/2020 08/30/20 For Sale $109,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Boris Oberman

    Seller's Agent in 2025

    Boris Oberman

    Realty Advisors Elite LLC

    (847) 331-1682

    2 in this area

    26 Total Sales

    Boris Oberman
    Section Image
  • Joseph Konney

    Buyer's Agent in 2025

    Joseph Konney

    Top Care Realty LLC

    (630) 350-0363

    8 in this area

    170 Total Sales

    Joseph Konney
    Section Image
  • Angel Avalos

    Seller's Agent in 2021

    Angel Avalos

    Bloom/Sanchez Realty, Inc.

    (773) 858-6780

    4 in this area

    36 Total Sales

    Angel Avalos
    Section Image

  • C

    Seller Co-Listing Agent in 2021

    Carlos Sanchez

    Bloom/Sanchez Realty, Inc.

    (773) 704-8598

    22 in this area

    238 Total Sales

    Carlos Sanchez
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12316020

Midwest Real Estate Data (MRED)

APN: 26062200390000

Illinois Cook County Chicago 60617 South Chicago

8944 S Burley Ave, Chicago, IL

Not Listed for Sale

MultiFamily

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