8153 South Shore Drive, South Chicago, Chicago, Illinois 60617
$599,000
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For Sale
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| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1918 |
| Property Taxes: | $3,587 |
| Days On Market: | 7 |
| Lot Size: | 0,00 |
Description
Beautifully maintained and recently updated 4-unit investment property located in the rapidly developing South Shore neighborhood! This solid brick building features four spacious 2-bedroom, 1-bathroom units, offering an excellent opportunity for both investors and owner-occupants seeking strong rental potential and long-term appreciation. Each unit offers hardwood floors, forced heating and central A/C, along with individual laundry hookups for added tenant convenience. Additional laundry hookups are also available in the basement. The property includes dedicated storage space in the basement for each unit, providing extra functionality and value for residents. Two units is currently rented and generating $1,550/month in rental income, giving the next owner immediate cash flow with additional upside potential. Investors will also appreciate the possibility to duplex-up the two second-floor units, creating larger units and increasing future value and rental income potential. Property is equipped with privately owned security cameras that can transfer with the sale. Situated near the exciting future developments taking place throughout South Shore, including the highly anticipated Quantum Shore project, this property is positioned in an area experiencing major investment and revitalization. Excellent opportunity to own a cash-flowing multi-unit property in one of Chicago's emerging lakefront communities!
Property Specifics
| Multi-unit | |
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| 1918 | |
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| No | |
| — |
| Cook | |
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| — / — | |
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| 12753612 | |
| 21312240180000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 12 Sep, 2018 | Sold | $108,000 | MRED MLS |
| 23 Aug, 2018 | Under contract | $69,900 | MRED MLS |
| 27 Jul, 2018 | Listed for sale | $69,900 | MRED MLS |
| 8 Sep, 2026 | Listed for sale | $599,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
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| 3528 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2018 | $4,166 |
| 2026 | $3,587 |
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Listing Provided By
Consumer Realty Group, Inc.
