8524 S Oglesby Avenue, Chicago, IL
  • $839,900

Description

DISCOUNTED & MAJOR EQUITY UPSIDE! Turnkey, low-maintenance updated 6-unit building. Located in the rapidly appreciating South Side neighborhoods. This cash-flowing asset currently generates approximately $111,000 in annual income with the potential to reach over $146,000 annually through stabilized rents, 2 potential ADU basement units, garage and laundry income opportunities. Each spacious 2 bed, 1 bath unit features updated kitchens and baths, stainless steel appliances, granite countertops, hardwood floors, and modern finishes that attract quality tenants. Tenants pay their own gas and electric, to maximize profit and reduce owner expenses. Located near the Obama Presidential Center and the Illinois Quantum and Microelectronics Park, this property is positioned for strong long-term appreciation, rental demand, and future growth. 12% CAP.

  • Listing Courtesy of: Taylor Realty Partners LLC

Details

Updated on June 5, 2026 at 3:04 am
  • Property ID MRD12660449
  • Price $839,900
  • Land Area 0.14 Acres
  • Year Built 1927
  • Property Type Multi Family
  • Property Status Active
  • Parcel Number 20364200200000
  • MLS Status Active
  • Days On Market 8
  • Living Area 0.14
  • Cumulative Days On Market 23
  • Tax Annual Amount 6389
  • Cooling Window Unit(s)
  • Directions JEFFREY BLVD SOUTH TO SOUTH CHICAGO MAKE A LEFT ON OGLESBY NORTH TO BUILDING
  • StoriesTotal 2
  • Zoning MULTI
  • Address 8524 S Oglesby Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60617
  • Country United States

Overview

Property ID: MRD12660449
  • Multi Family
  • Property Type
  • 1927
  • Year Built

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