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  • $355,000

    8713 S Buffalo Ave, Chicago, IL 60617

    11beds
    --sqft
    Multi Family
    Built in 1895
    -- sqft lot
    $415,500 Zestimate®
    $--/sqft
    $1,502 Estimated rent

    Home value

    $415,500

    $378,000 - $449,000

    $1,502/mo

    Zestimate® history
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    $1,502/mo

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    $2,521/mo

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    $2,521/mo

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    What's special

    Welcome to this exceptional investment opportunity in the vibrant South Chicago neighborhood! This well-maintained 3-unit building is a dream come true for savvy investors, with all units currently occupied, ensuring a steady monthly income stream. The property boasts a low maintenance cost, including remarkably affordable taxes, making it an attractive and profitable venture. Rumor has it that the neighborhood is on the verge of a million-dollar renovation, ensuring potential appreciation in the future. One of the highlights of this property is the third-floor unit, which offers a duplex layout extending up to the attic. This bonus space can be rented out separately, adding an additional $1,450 per month to your already impressive income. Each unit generates substantial rental income, with the third-floor unit fetching $1,450 per month, while the first and second-floor units command $1,350 per month each. Furthermore, a convenient parking pad in the back provides hassle-free parking options for tenants. Long-term tenants are already in place, ensuring stability and consistent cash flow. As the owner, you will only be responsible for water and garbage expenses, which amount to an affordable $272 per month. Real estate taxes are incredibly low at just $84 per month. Additionally, lawn service is a mere $40 per month, allowing you to focus on reaping the financial rewards of this investment. For those considering living on-site as a landlord, this property is a no-brainer. Take advantage of a home bridge loan, available through our preferred lender, offering up to $35,000 to remodel your personal unit. Customize your living space while boosting its value. With a remarkable monthly income of $4,050, this building offers a high return on investment. Whether you're an experienced investor or a live-in landlord, this opportunity is hard to resist. Don't miss out on this fantastic chance to own a lucrative property in a thriving neighborhood. Act now and secure your financial future! Seller is a licensed FL agent. Sold AS IS

    Zillow last checked:

    Listing updated:

    Listed by:

    Jasmine Bouyer 708-515-8618,

    Real People Realty Inc

    Bought with:

    Tandra Broadway

    Coldwell Banker Real Estate Group

    Source: MRED as distributed by MLS GRID,MLS#: 11804113MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Natural Gas, Forced Air
    Features
    • Basement: None

    Property

    Lot
    • Size: 3,484 Square Feet
    • Dimensions: 25X125
    Details
    • Parcel number: 26051010050000
    • Zoning: MULTI
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1895

    Utilities & green energy

    • Sewer: Public Sewer, Storm Sewer
    • Water: Lake Michigan, Public

    Community & HOA

    Location
    • Region: Chicago

    Financial & listing details

    • Annual tax amount: $1,008
    • Date on market: 6/9/2023
    • Listing terms: FHA
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    9/11/2024Listing removed$380,000
    Source: MRED as distributed by MLS GRID #12153773 Report a problem
    9/5/2024Listed for sale$380,000+7%
    Source: MRED as distributed by MLS GRID #12153773 Report a problem
    8/4/2023Sold$355,000+1.4%
    Source: MRED as distributed by MLS GRID #11804113 Report a problem
    8/2/2023Pending sale$350,000
    Source: MRED as distributed by MLS GRID #11804113 Report a problem
    6/24/2023Contingent$350,000
    Source: MRED as distributed by MLS GRID #11804113 Report a problem
    6/9/2023Listed for sale$350,000+0%
    Source: MRED as distributed by MLS GRID #11804113 Report a problem
    8/30/2022Listing removed--
    Source: MRED as distributed by MLS GRID #11394713 Report a problem
    7/12/2022Pending sale$349,900
    Source: MRED as distributed by MLS GRID #11394713 Report a problem
    6/14/2022Contingent$349,900
    Source: MRED as distributed by MLS GRID #11394713 Report a problem
    5/5/2022Listed for sale$349,900
    Source: MRED as distributed by MLS GRID #11394713 Report a problem
    1/17/2022Listing removed--
    Source: MRED as distributed by MLS GRID #11268425 Report a problem
    11/11/2021Listed for sale$349,900+159.2%
    Source: MRED as distributed by MLS GRID #11268425 Report a problem
    2/26/2015Sold$135,000-5.6%
    Source: MRED as distributed by MLS GRID #08564390 Report a problem
    12/16/2014Pending sale$143,000
    Source: Better Home Relocations LLC #08564390 Report a problem
    12/16/2014Listed for sale$143,000-4%
    Source: Better Home Relocations LLC #08564390 Report a problem
    11/9/2013Listing removed$149,000
    Source: Remax 10 #08425822 Report a problem
    8/29/2013Price change$149,000-6.9%
    Source: Remax 10 #08425822 Report a problem
    8/21/2013Listed for sale$159,999
    Source: Remax 10 #08425822 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: South Chicago

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 299

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $415,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $415,500