Active

$154,918

8240 Houston Avenue, Chicago, IL 60617
6 Beds4 Baths7 days
8240 Houston Avenue·Chicago, IL 60617
6Bedrooms
4Bathrooms
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.

MLS# 12651915Listed July 30, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms6
Total Bathrooms4
Total Rooms6

Size & Structure

Lot Size25X125

Location

CountyCook
TownshipSouth Chicago
Zip Code60617

Financial

List Price$154,918
Annual Taxes (2023)$844
Monthly Tax Est.$70
Parcel #21312300390000
Interior Features

Heating

Natural Gas

Basement

None
Exterior & Lot

Construction

Vinyl SidingFrame

Roof

Asphalt

Foundation

Concrete Perimeter
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

Off AlleyDrivewayYesOwned
Tax & Financial
Annual Taxes
$844
Tax Year 2023
Monthly Tax Est.
$70
per month
Property Location

8240 Houston Avenue, Chicago, IL 60617 — Cook County

$154,918
8240 Houston Avenue
6 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
7 days on market
25X125
$844/yr taxes
$884
estimated monthly payment
Principal & Interest
$814/mo
Property Tax
$70/mo
$154,918
20% — $30,984
3%50%
6.875%
3%12%
Loan Amount
$123,934
Down Payment
$30,984

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
RE/MAX 10
Agent: Dean Chowaniec
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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