8157 South Chappel, Chicago IL 60617
Property Description
EXCELLENT INVESTMENT OPPORTUNITY TO PURCHASE CORNER LOT YELLOW BRICK 8 UNIT APARTMENT BUILDING IN SOUGHT AFTER SOUTH SHORE AREA. THERE ARE 8 LARGE ONE BEDROOM UNITS, TWO UNITS IN THE PROPERTY WAS TOTALLY GUTTED AND CLEANOUT DUE TO FIRE DAMAGE, TWO UNITS HAVE SMOKE DAMAGE, BUT REMAINING FOUR UNITS ARE IN GOOD CONDITION, BRAND NEW REAR PORCH, NEWER WINDOWS, PROPERTY BEING SOLD AS-IS, SELLER WILL NOT DO ANY ADDITIONAL CLEANOUT OF UNITS, BUYERS AND AGENTS MUST SIGN HOLD HARMLESS WAIVER BEFORE ENTERING PROPERTY DUE TO FIRE DAMAGE. HIGHLY MOTIVATED SELLER, INVESTORS THIS WILL NOT LAST, UNITS WERE RENTED BELOW RENTAL RATE IN THE MARKET AREA.
Features & Information
Key Details
- List Price $300,000
- Property Taxes $7,971.22
- Price/ Sq. Ft. Unavailable
- Year Built 1928
- Status Pending
Building Information
- Age of Building Older
- Exterior Construction Brick
- Heating & Cooling Central Bldg Heat, Gas, Hot Water
Location
- County Cook
- Directions to Property 79th St East Or West To Chappel, Two Blocks To Property
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Property Taxes
- Tax 7971.22
- Parcel Identification Number 20362170200000
Listed by Jimmy Dover for New Harvest Investments, LLC | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 3/14/2025 5:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore South Chicago
In a community that once buzzed with the heavy production of US Steel (one of the country's major steel manufacturers), South Chicago is a neighborhood rich in history centered about industry and organized labor. Today, these former industrial areas near Lake Michigan are some of the last few fleeting frontiers for development in the city. Acres of land along South Chicago's lakefront have not yet been built up — begging the interest of commercial and residential developers who continue to push south in search of prime real estate property. The neighborhood is bordered to the west by the Chicago Skyway, providing the region with good transportation. Both public schools and private academies dot the area, affording families their choice of scholastic options.
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