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8248 S Houston Avenue, Chicago, IL 60617
$58,000
8248 S Houston Avenue, Chicago, IL 60617View this property at 8248 S Houston Avenue, Chicago, IL 60617
8248 S Houston AvenueChicagoIL60617
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Property Description
$1,200 BUYER CLOSING CREDIT! Very nice 3 flat on a great block! HOWEVER, it needs WORK! The photos are VERY accurate and represent existing conditions. The building has been stripped and will require all new MEPs, half a new slab in the basement and generally medium-level cosmetic work throughout in the upstairs units. You will also need new front and rear porch systems. The great news? There is a LOT of upside potential for the stabilized asset, which is why you will want to buy this bad boy today! Currently configured as a 2/1 garden unit, a 1/1.1 first floor simplex and a 3/1 duplex up. The HVAC and hot water heater are +/- 4 years old. Located directly across the street from an elementary school park, 1/2 block to Metra's S. Shore Line, close to shopping and restaurants along Exchange & Commercial Avenues and just a 15 minute ride to Millennium Park's Bean! Sale price includes architectural plans for creating a 3/2 duplex in the 3rd floor. Architect can amend and change plans according to the buyer's preferences. Alternatively, the building can also be de-converted into large 5/3 SFH with $3,500-$4,000 per month cash flow potential! Comps in the immediate area can exceed the high $300s. See Broker Private Remarks for a link to stabilized comps. PLEASE NOTE: Architect's proposed renovation plans under the Additional Information Tab.
Full Property Details
Full Property Details for 8248 S Houston Ave
General
- Sold For: $58,000
- Taxes: $940 (2021)
- Status: Closed
- Type: Multi-Family
- MLS ID: 11948351
- Added to Site: 133 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Garage Ownership: Owned
- Garage Spaces: 2
- Total Spaces: 2
- Parking Type: Garage
Location
- Area: CHI - South Chicago
- County: Cook
- Driving Directions: 79TH TO HOUSTON SOUTH TO ADDRESS
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: None
Utilities
- Water: Lake Michigan
Structural Information
- Exterior Const.: Frame
- Basement Desc.: Full
- Year Built: 1885
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Standard Chicago Lot
- Lot Dimensions: 25 x 125
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1885
- Tax Amount: $940.1
- Tax Year: 2021
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 21312300420000
Listed by Chicago Real Estate Authority
Sold by Homevue Realty, Inc
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Schools
Schools serving 8248 S Houston Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
8331 S Mackinaw Ave, Chicago, IL 60617 | PK-8 | 0.4 mi | |
Bowen Environmental Studies High School
2710 E 89th St, Chicago, IL 60617 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8248 S Houston Ave
Date
Details
Price
Change
Source
2/21/2024
Sold
$58,000
-25.93%
MLS
1/11/2024
Price Reduced
$78,300
-0.76%
MLS
1/09/2024
Price Reduced
$78,900
-1.13%
MLS
1/02/2024
Price Reduced
$79,800
-0.75%
MLS
12/24/2023
Price Reduced
$80,400
-0.74%
MLS
12/17/2023
Listed
$81,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8248 S Houston Avenue, Chicago, IL 60617 (MLS# 11948351) is a Multi-Family property that was sold at $58,000 on February 21, 2024. Want to learn more about 8248 S Houston 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.