Estimated payment $920/month
About This Home
Rare South Shore multifamily investment opportunity with tremendous upside potential, low property taxes, and strong long-term growth prospects! This classic Chicago multi-family building features four spacious residential units, 2-two bedrooms, 2-one bedrooms, living room, kitchen, and full bathroom layout an ideal setup for investors, owner-occupants, rental portfolio expansion, or value-add redevelopment strategies. Located directly across from highly regarded Epic Academy and only one block from the 83rd Street Metra Electric Line, this transit-oriented location provides quick access to downtown Chicago, Hyde Park, the University of Chicago, and the rapidly expanding South Side technology and innovation corridor. Conveniently positioned near Lake Michigan, beaches, bike trails, Jackson Park, the Obama Presidential Center, and the future Quantum Computing & Advanced Technology hub expected to bring continued economic investment and neighborhood revitalization to the area. Recent capital improvements include a newer roof, newer enclosed rear porch with updated stairs, updated electric service, and partial drywall improvements. Separate utilities and existing 4-meter electric service already in place provide excellent flexibility for investors seeking strong rental income potential, multi-unit cash flow, redevelopment possibilities, or long-term appreciation in one of Chicago's emerging investment corridors. Excellent opportunity for savvy investors, developers, or rehab buyers looking to capitalize on Chicago multifamily real estate, transit-oriented development, and future neighborhood growth. Cash, Hard Money or Reno Loans only.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $844
Lot Details
- Lot Dimensions are 25x125
- Fenced
Home Design
- Frame Construction
- Asphalt Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 4 Bathrooms
Parking
- 2 Parking Spaces
- Parking Available
- Driveway
- Off Alley Parking
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 4 Units
Listing and Financial Details
- Homeowner Tax Exemptions
Home Values in the Area
Average Home Value in this Area
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 | $844 | $12,400 | $2,344 | $10,056 |
| 2024 | $844 | $12,400 | $2,344 | $10,056 |
| 2023 | $823 | $4,000 | $3,125 | $875 |
| 2022 | $823 | $4,000 | $3,125 | $875 |
| 2021 | $804 | $4,000 | $3,125 | $875 |
| 2020 | $2,298 | $10,315 | $3,125 | $7,190 |
| 2019 | $2,382 | $11,857 | $3,125 | $8,732 |
| 2018 | $1,664 | $11,857 | $3,125 | $8,732 |
| 2017 | $2,872 | $16,719 | $2,812 | $13,907 |
| 2016 | $2,849 | $16,719 | $2,812 | $13,907 |
| 2015 | $2,583 | $16,719 | $2,812 | $13,907 |
| 2014 | $2,059 | $13,665 | $2,187 | $11,478 |
| 2013 | $2,007 | $13,665 | $2,187 | $11,478 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 07/30/2026 07/30/26 | For Sale | $154,918 | +54.9% | -- | |
| 05/24/2021 05/24/21 | Sold | $100,000 | -23.0% | $37 / Sq Ft | View Prior Sale |
| 05/21/2021 05/21/21 | For Sale | $129,800 | 0.0% | $48 / Sq Ft | |
| 04/20/2021 04/20/21 | Pending | -- | -- | -- | |
| 04/19/2021 04/19/21 | Pending | -- | -- | -- | |
| 03/23/2021 03/23/21 | For Sale | $129,800 | 0.0% | $48 / Sq Ft | |
| 03/22/2021 03/22/21 | Pending | -- | -- | -- | |
| 03/21/2021 03/21/21 | For Sale | $129,800 | -- | $48 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100,000 | Attorney | |
| Sheriffs Deed | $15,000 | None Available | |
| Quit Claim Deed | -- | Chicago Title Insurance Co |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12651915
APN: 21312300390000
- 8242 S Houston Ave
- 3017 E 83rd St
- 8231 S Coles Ave
- 8256 S South Shore Dr
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