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$1,650,000
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Property Description
Armchair investment. The association is responsible for landscaping, parking, snow removal, and water. Well-maintained brick building in great condition offers 9 easy-to-rent units. Most units are month-to-month with possibilities to significantly increase cash flow. Additional income from the owned laundry on site. Amazing location steps from school, close to Forest Preserve, Blue Line, I-90, O'Hare! Whether you're seeking a turnkey investment or a value-add opportunity, this well-located asset offers both solid current income and future growth potential.
Full Property Details
Full Property Details for 8613 W Foster Ave
General
- Sold For: $1,650,000
- Taxes: $15,615 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12488646
Interior
- Interior Features: Common Exercise Room(s), Storage Inside, Laundry Room
Location
- Area: CHI - O'Hare
- County: Cook
- Driving Directions: From Cumberland, turn west to Foster. The building will be on the left.
Community
- Assoc. Fees Include: Water, Parking, Insurance, Lawn Care, Scavenger, Snow Removal
Heating & Cooling
- Cooling Type: Wall Sleeve
- Heating Type: Central Heat/Individual Controls, Hot Water, Radiators
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Partially Finished
- Foundation: Concrete Perimeter
- Stories/Levels: 3
- Square Feet: 9,768
- Current Bldg. Use: Multi-Family
- Year Built: 1979
Unit Information
- Units w/Refrigerators: 9
- Units w/Range/Oven: 9
- # Dryers: 3
Lot Features
- Lot Size (Sq. Ft.): 3,182
- Lot Dimensions: 3182
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $48,400
- Assessment Year: 1979
- Tax Amount: $15,615.7
- Tax Year: 2023
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 12113100400000
Listed by Enterprise Realty Brokers Inc
Sold by Landmark Realtors
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Schools
Schools serving 8613 W Foster Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Dirksen Elementary School, Chicago, IL 8601 West Foster Avenue, Chicago, IL 60656 | PK-8 | 0.1 mi |
Taft High School 6530 West Bryn Mawr Avenue, Chicago, IL 60631 | 9-12 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
8631 1/2 W Foster Avenue, Chicago, IL 60656 (MLS# 12488646) is a Commercial property that was sold at $1,650,000 on March 19, 2026. Want to learn more about 8631 1/2 W Foster Avenue? Do you have questions about finding other Commercial real estate for sale in O'Hare? You can browse all O'Hare real estate or contact a Coldwell Banker agent to request more information.

