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$999,000 Just Listed
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Property Description
This solid brick 18-unit multifamily building presents an exceptional value-add opportunity. Each unit is a spacious one-bedroom, one-bath layout featuring hardwood floors throughout and classic vintage kitchens and baths-ready for thoughtful updates that can unlock strong rental upside. Investors will appreciate the potential to modernize interiors, increase rents to market levels, and explore the possibility of converting six units into two-bedroom layouts for even greater income growth. It has a new boiler, the water tank is less than 5 yrs old and significant improvements were made to the back porch. The property offers ample off-street parking and is ideally situated directly across from Cook Elementary School, just one block north of Foster Park, and three blocks from the vibrant retail corridor along Ashland Avenue-an attractive location for tenants seeking convenience and community.
Full Property Details
Full Property Details for 8156 S Laflin St
General
- Price: $999,000
- HOA FEE: $5,400
- Taxes: $18,352 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12572161
- Updated: 2/19/2026
- Added to Site: 2 day(s) ago
Location
- Area: CHI - Auburn Gresham
- County: Cook
- Driving Directions: Take 83rd Street E/W to Laflin, then go North to address. Just four blocks East of Ashland Avenue and 1.5 blocks North of 83rd Street.
Heating & Cooling
- Heating Type: Central Building Heat
Utilities
- Trash: 4344
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 3
- Year Built: 1928
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.21
- Lot Dimensions: 75 x 125
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $5,400
- Insurance Fee: $18,500
- Operating Expenses: $86,831
- Other Fee: $8,529
- Assessment Year: 1928
- Tax Amount: $18,352
- Tax Year: 2023
- Tenant Pays: Electricity
- Pays Electric: 1512
- Pays Trash: 4344
Disclosures and Reports
- Property ID: 20321170350000
Listed by Purvey Properties, Inc.
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Schools
Schools serving 8156 S Laflin St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Cook Elementary School, Chicago, IL 8150 South Bishop Street, Chicago, IL 60620 | PK-8 | 0.1 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 3.1 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 8156 S Laflin St
Date
Details
Price
Change
Source
2/18/2026
Listed
$999,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8156 S Laflin St
8156 S Laflin Street, Chicago, IL 60620 (MLS# 12572161) is a Commercial property. 8156 S Laflin Street is currently listed for $999,000 and was received on February 18, 2026. Want to learn more about 8156 S Laflin Street? Do you have questions about finding other Commercial real estate for sale in Auburn Gresham? You can browse all Auburn Gresham real estate or contact a Coldwell Banker agent to request more information.

