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$388,000
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Property Description
Welcome to South Chicago at 9020 S. Burley Ave, a well-maintained legal 3-unit building located near Lake Michigan. This fully occupied income-producing property offers an excellent opportunity for investors seeking stable rental income with future upside potential. All three units are currently rented on month-to-month leases, providing immediate cash flow and future flexibility. Each spacious unit features 3 bedrooms and 1 bathroom with functional layouts designed for comfortable living and long term tenants. The current ownership has completed several valuable updates, including recent improvements to the second and third-floor units. Additional upgrades include new plumbing throughout the building, newer roof, New HVAC systems and furnaces, and new water heaters, helping reduce future maintenance concerns. Conveniently located near parks, shopping, public transportation, schools, and commuter access, this property is positioned within an area seeing continued redevelopment and investment along Chicago's southeast corridor. A solid multifamily opportunity with strong rental potential and major mechanical updates already completed.
Full Property Details
Full Property Details for 9020 S Burley Ave
General
- Sold For: $388,000
- Taxes: $3,484 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12623193
- Added to Site: 69 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 9
Location
- Area: CHI - South Chicago
- County: Cook
- Driving Directions: 91st Street, West of Mackinaw Ave to Burley Ave. North to property.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Construction: Aluminum Siding
- Exterior Const.: Aluminum Siding
- Basement Desc.: None
- Year Built: 1888
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 125
Financial Considerations
- Assessment Year: 1888
- Tax Amount: $3,484.07
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 26062270240000
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Schools
Schools serving 9020 S Burley Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Thorp J N Elementary School 8914 South Buffalo Avenue, Chicago, IL 60617 | K-8 | 0.1 mi |
Bowen High School 2710 East 89th Street, Chicago, IL 60617 | 9-11 | 0.6 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 9020 S Burley Ave
Date
Details
Price
Change
Source
6/26/2026
Sold
$388,000
—
MLS
5/08/2026
Listed
$388,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
9020 S Burley Avenue, Chicago, IL 60617 (MLS# 12623193) is a Multi-Family property that was sold at $388,000 on June 26, 2026. This property was listed by Marco Ponce from our Lincoln Park Office.Want to learn more about 9020 S Burley 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.


