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$415,500
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Property Description
Don't miss out on this remarkable investment opportunity in the vibrant Chatham area! This meticulously cared-for property features six occupied units, each home to long-term tenants, making it a solid income-producing asset. The versatile finished basement can be utilized for additional living space or possible extra rental income. Rich historic details, including hardwood floors, charming fireplaces, and intricate trim work, highlight the property's character. Recent improvements, such as energy-efficient vinyl windows and updated bathrooms, provide an excellent mix of classic charm and modern amenities. With a spacious laundry area, a 4-car brick garage, and a pristine interior and exterior, this property stands out. Located conveniently near local shops and public transport, this is a rare chance for savvy investors to secure a unique and profitable property in Chatham. Take advantage of this chance to transform this space into your next lucrative investment!
Full Property Details
Full Property Details for 8229 S Eberhart Ave
General
- Sold For: $415,500
- Taxes: $5,027 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12368511
- Added to Site: 243 day(s) ago
Interior
- Fireplace: Yes
Location
- Area: CHI - Chatham
- County: Cook
- Driving Directions: Dan Ryan to 83rd Street, East to Eberhart, North on Eberhart
- Location Details: In City Limits
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Radiators
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Finished
- Foundation: Concrete Perimeter
- Stories/Levels: 3
- Square Feet: 7,518
- Current Bldg. Use: Multi-Family
- Year Built: 1922
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 2
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,580
- Lot Dimensions: 5580
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1922
- Tax Amount: $5,027.3
- Tax Year: 2023
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 20342260070000
Listed by Realty of America, LLC
Sold by Illinois Real Estate Partners Inc
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Schools
Schools serving 8229 S Eberhart Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Dixon Elementary School, Chicago, IL 8306 South Saint Lawrence Avenue, Chicago, IL 60619 | 7-8 | 0.1 mi |
Harlan Community Academy High School 9652 South Michigan Avenue, Chicago, IL 60628 | 9-12 | 1.9 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 8229 S Eberhart Ave
Date
Details
Price
Change
Source
9/22/2025
Sold
$415,500
0.12%
MLS
5/17/2025
Listed
$415,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8229 S Eberhart Avenue, Chicago, IL 60619 (MLS# 12368511) is a Commercial property that was sold at $415,500 on September 22, 2025. Want to learn more about 8229 S Eberhart Avenue? Do you have questions about finding other Commercial real estate for sale in Chatham? You can browse all Chatham real estate or contact a Coldwell Banker agent to request more information.

