8025 Ada Street, Auburn Gresham, Chicago, Illinois 60620
$278,900
|
For Sale
|
|
| Status: | Contingent |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 7 |
| Baths: | 0 |
| Year Built: | 1913 |
| Property Taxes: | $3,215 |
| Days On Market: | 51 |
| Lot Size: | 0,00 |
Description
Well-maintained brick 2-unit building located on a quiet, tree-lined street, offering strong investment potential with stable tenants already in place. The property features a spacious 4-bedroom, 1-bath unit on the second floor and a 3-bedroom, 1-bath unit on the first floor. Both units are currently leased through December 2026, providing immediate and consistent rental income. Current rents total $2,625 per month and are considered below market, presenting upside potential for future increases. The building was last rehabbed in 2016 and has been well cared for since. Additional features include a full unfinished basement with expansion or storage potential, a 2-car garage, and solid overall maintenance throughout the property. Roof was replaced in 2022. Conveniently located near transportation, schools, parks, and neighborhood amenities, this is an excellent opportunity for both seasoned and first-time investors seeking a stable income-producing property. The seller is motivated to sell and willing to offer credit towards closing costs.
Property Specifics
| Multi-unit | |
| — | |
| Other | |
| 1913 | |
| Unfinished, Full | |
| Brick | |
| — | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan | |
| Public Sewer | |
| — | |
| Natural Gas | |
| 12754850 | |
| 20321130070000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 25 May, 2016 | Sold | $38,300 | MRED MLS |
| 29 Apr, 2016 | Under contract | $28,300 | MRED MLS |
| 15 Apr, 2016 | Listed for sale | $28,300 | MRED MLS |
| 2 Oct, 2026 | Under contract | $278,900 | MRED MLS |
| 9 Sep, 2026 | Listed for sale | $278,900 | MRED MLS |
Room Specifics
Total Bedrooms: 7
Bedrooms Above Ground: 7
Bedrooms Below Ground: 0
Full Bathrooms: 2
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Other Specifics
| 2 | |
| — | |
| Detached, Garage | |
| — | |
| — | |
| — | |
| — | |
| — | |
| 30X125 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2016 | $2,650 |
| 2026 | $3,215 |
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Listing Provided By
PIP Realty Group
