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$461,000
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Property Description
Beautifully maintained vintage 6-unit building on a nice tree lined street. All the charming details are there - excellent woodwork, nice fireplaces, and stained glass. The units are spacious with separate dining rooms and generous living rooms. The 8100 block is a pleasant mix of single family homes and small apartment buildings. The building is in good shape, with a new boiler in the basement. Extra studio unit on ground level, with an 8th unit possible on the north side. Lots of long term tenants. Broker Owned. As is 10.9 Cap Rate, Pro Forma 13.4.
Full Property Details
Full Property Details for 8131 S Kingston Ave
General
- Sold For: $461,000
- Taxes: $3,280 (2022)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12296029
- Added to Site: 328 day(s) ago
Location
- Area: CHI - South Chicago
- County: Cook
- Driving Directions: East on 79th, south on Kingston
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Central Building Heat, Gas, Radiators, Steam
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Year Built: 1927
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 6125
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $18,817
- Assessment Year: 1927
- Tax Amount: $3,280
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity
Disclosures and Reports
- Property ID: 21311190100000
Listed by Exit Strategy Realty / EMA Management
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Schools
Schools serving 8131 S Kingston Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Coles Elementary Language Academy 8441 South Yates Boulevard, Chicago, IL 60617 | K-8 | 0.4 mi |
Chicago Vocational Career Academy High School 2100 East 87th Street, Chicago, IL 60617 | 9-11 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8131 S Kingston Ave
Date
Details
Price
Change
Source
10/17/2025
Sold
$461,000
-16.17%
MLS
9/18/2025
Price Increased
$549,900
10%
MLS
4/16/2025
Price Reduced
$499,900
-5.66%
MLS
4/09/2025
Price Reduced
$529,900
-1.85%
MLS
3/09/2025
Price Reduced
$539,900
-1.66%
MLS
2/21/2025
Listed
$549,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8131 S Kingston Avenue, Chicago, IL 60617 (MLS# 12296029) is a Commercial property that was sold at $461,000 on October 17, 2025. Want to learn more about 8131 S Kingston Avenue? Do you have questions about finding other Commercial real estate for sale in South Chicago? You can browse all South Chicago real estate or contact a Coldwell Banker agent to request more information.


