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$349,999

  • For Sale
  • Active
  • Multi-Family
  • 9 Total Beds
  • Updated 4 days ago
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Excellent 4-unit investment opportunity with immediate income and value-add potential! This well-maintained multifamily property features two 3-bedroom units and two 2-bedroom units, providing a desirable mix of rental options. Three units were renovated in 2021, while the remaining unit offers an opportunity for renovation and potential rent growth. Each unit has its own furnace, and three units are currently occupied, providing established rental income. The fourth unit is vacant and ready to lease or occupy. Ideal for investors seeking cash flow and future upside, or owner-occupants looking to live in one unit while generating rental income from the other three. A versatile opportunity with multiple paths to maximize its potential.

Full Property Details for 8329 S Buffalo Ave

General

  • Price: $349,999
  • Taxes: $3,897 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12730593
  • Updated: 9/7/2026
  • Added to Site: 10 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 9

Parking

  • Total Spaces: 2
  • Parking Features: Off-Alley, Alley Access, Yes, Owned

Location

  • Area: CHI - South Chicago
  • County: Cook
  • Township: Hyde Park
  • Driving Directions: NORTH ON COMMERCIAL TO 87TH EAST TO BURLEY RT ON 84T

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: None

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Foundation: Concrete Perimeter
  • Year Built: 1893
  • Built Before 1978: Yes
  • Remodeled/Updated: 2021

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size Range: Standard Chicago Lot
  • Lot Dimensions: 25 x 125
  • Zoning: MULTI

Financial Considerations

  • Assessment Year: 1893
  • Tax Amount: $3,897.63
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: Rent Roll
  • Property ID: 21322020120000

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Schools serving 8329 S Buffalo Ave

School District:Chicago Public School District 299
NameGradesDistance
Sullivan Elementary School, Chicago, IL
8331 South Mackinaw Avenue, Chicago, IL 60617
K-80.1 mi
Bowen High School
2710 East 89th Street, Chicago, IL 60617
9-111 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8329 S Buffalo Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/01/2026
Listed
$349,999
45.83%
MLS
12/14/2021
Sold
$240,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 8329 S Buffalo Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,793
—
$19,400
128%
2023
$1,793
3%
$8,500
—
2022
$1,748
2%
$8,500
—
2021
$1,709
-27%
$8,500
-19%
2020
$2,348
-4%
$10,540
-13%
2019
$2,434
2%
$12,115
—
2018
$2,393
-16%
$12,115
-8%
2017
$2,835
8%
$13,168
—
2016
$2,637
9%
$13,168
—
2015
$2,413
22%
$13,168
23%
2014
$1,980
2%
$10,671
—
2013
$1,941
1%
$10,671
—
2012
$1,915
—
$10,671
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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8329 S Buffalo Avenue, Chicago, IL 60617 (MLS# 12730593) is a Multi-Family property with 4 units containing 9 bedrooms and 0 full bathrooms. 8329 S Buffalo Avenue is currently listed for $349,999 and was received on September 01, 2026. Want to learn more about 8329 S Buffalo 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.

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