9020 S Burley Ave Chicago, IL 60617
South Chicago NeighborhoodEstimated payment $2,361/month
About This Home
Welcome to South Chicago at 9020 S. Burley Ave, a well-maintained legal 3-unit building located near Lake Michigan. This fully occupied income-producing property offers an excellent opportunity for investors seeking stable rental income with future upside potential. All three units are currently rented on month-to-month leases, providing immediate cash flow and future flexibility. Each spacious unit features 3 bedrooms and 1 bathroom with functional layouts designed for comfortable living and long term tenants. The current ownership has completed several valuable updates, including recent improvements to the second and third-floor units. Additional upgrades include new plumbing throughout the building, newer roof, New HVAC systems and furnaces, and new water heaters, helping reduce future maintenance concerns. Conveniently located near parks, shopping, public transportation, schools, and commuter access, this property is positioned within an area seeing continued redevelopment and investment along Chicago's southeast corridor. A solid multifamily opportunity with strong rental potential and major mechanical updates already completed.
Open House Schedule
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Saturday, May 9, 202611:00 am to 2:00 pm5/9/2026 11:00:00 AM +00:005/9/2026 2:00:00 PM +00:00Add to Calendar
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Sunday, May 10, 202611:00 am to 2:00 pm5/10/2026 11:00:00 AM +00:005/10/2026 2:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,484
Year Built
- Built in 1888
Home Design
- Aluminum Siding
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Potential Bedrooms
- 3 Bathrooms
Additional Features
- Lot Dimensions are 25x125
- Heating System Uses Natural Gas
Community Details
- 3 Units
- Gross Income $4,300
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,058 | $17,301 | $2,438 | $14,863 |
| 2024 | $1,058 | $17,301 | $2,438 | $14,863 |
| 2023 | $1,032 | $5,000 | $3,250 | $1,750 |
| 2022 | $1,032 | $5,000 | $3,250 | $1,750 |
| 2021 | $1,008 | $5,000 | $3,250 | $1,750 |
| 2020 | $2,552 | $11,426 | $2,112 | $9,314 |
| 2019 | $2,646 | $13,134 | $2,112 | $11,022 |
| 2018 | $1,921 | $13,134 | $2,112 | $11,022 |
| 2017 | $2,273 | $13,912 | $1,950 | $11,962 |
| 2016 | $2,292 | $13,912 | $1,950 | $11,962 |
| 2015 | $2,074 | $13,912 | $1,950 | $11,962 |
| 2014 | $1,635 | $11,360 | $1,625 | $9,735 |
| 2013 | $1,592 | $11,360 | $1,625 | $9,735 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/08/2026 05/08/26 | For Sale | $388,000 | +84.8% | -- | |
| 12/29/2023 12/29/23 | Sold | $210,000 | +5.5% | $61 / Sq Ft | View Prior Sale |
| 11/30/2023 11/30/23 | Pending | -- | -- | -- | |
| 11/28/2023 11/28/23 | Price Changed | $199,000 | -5.2% | $58 / Sq Ft | |
| 11/10/2023 11/10/23 | For Sale | $210,000 | +500.0% | $61 / Sq Ft | |
| 11/14/2018 11/14/18 | Sold | $35,000 | -12.3% | $10 / Sq Ft | View Prior Sale |
| 10/09/2018 10/09/18 | Pending | -- | -- | -- | |
| 10/05/2018 10/05/18 | For Sale | $39,900 | -- | $12 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12623193
APN: 26062270240000
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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