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$159,000
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Property Description
Excellent investment opportunity on a great block! This large brick 2-flat features spacious 3-bedroom units and a solid brick 2-car garage. The building offers strong upside potential for value-add investors. The finished basement-complete with front and rear exits, high ceilings and full bath-has deteriorated but provides a prime opportunity to restore and potentially convert into an income-producing 3rd unit (buyer to verify zoning/use). With the right vision and rehab, this property can deliver significant cash-flow and long-term equity growth. Property is V.A. owned & sold in "as is/where is" condition. Seller will make no repairs. Property was built prior to 1978 and lead based paint may potentially exist. This property may qualify for Seller Financing (Vendee). Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement, and the property may only be shown by appointment.
Full Property Details
Full Property Details for 8240 S Clyde Ave
General
- Sold For: $159,000
- Taxes: $4,821 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12526857
- Added to Site: 91 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 7
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - South Chicago
- County: Cook
- Driving Directions: Jeffery north or south to 82nd St. East to Clyde. South to property.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Finished, Full
- Year Built: 1927
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 0.09
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 3989
Financial Considerations
- Assessment Year: 1927
- Tax Amount: $4,821.8
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: REO/Lender Owned
- Property ID: 20362250260000
Listed by JMRI Corp
Sold by RE/MAX Top Performers
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Schools
Schools serving 8240 S Clyde Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Mann Elementary School 8050 South Chappel Avenue, Chicago, IL 60617 | PK-8 | 0.3 mi |
Chicago Vocational Career Academy High School 2100 East 87th Street, Chicago, IL 60617 | 9-11 | 0.5 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 8240 S Clyde Ave
Date
Details
Price
Change
Source
2/06/2026
Sold
$159,000
13.57%
MLS
12/02/2025
Listed
$140,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8240 S Clyde Avenue, Chicago, IL 60617 (MLS# 12526857) is a Multi-Family property that was sold at $159,000 on February 06, 2026. Want to learn more about 8240 S Clyde Avenue? Do you have questions about finding other Multi-Family 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.

