8044 South Ingleside Avenue

8044 South Ingleside Avenue, Chicago, IL 60619

  • For Sale $3,125,000
  • Property Type Multi-Family
  • Property Size 11,958 SF
  • Units 45
  • Date Updated May 6, 2024
8044 South Ingleside Avenue is located on the West side of S Ingleside Ave and South of 79th St in East Chatham. The property is within walking distance from a multitude of shops, cafes, restaurants such as Tony's Philly Steak, Dat Donut, the Nike Outlet, Dollar General, Domino's Pizza, ad Walgreens . In addition, this property benefits from excellent transportation links within a half mile from the 79th St (Chatham) Metra Stop and the 83rd St(Avalon Park). For those who drive, both I-90 & I-94 are conveniently located 1 mile East and West. A good way to begin taking in the neighborhood is sampling some of its rich cuisine. Tucked into a relatively small storefront space, 5 Loaves Eatery is a welcoming and charming breakfast/brunch spot on 75th Street. From the Southern style catfish nuggets, salmon croquettes, and fried chicken to the standard breakfast items such as pancakes and omelets, the family-owned eatery provides superb food with great service. In recent years, a number of financially and culturally diverse people have moved into the area, meaning that there are lots of homes available for a variety of prices. There are many multi-unit buildings, as well as single-family homes, and some of these properties date back to as early as 1910. A typical commute to the Loop from East Chatham using public transportation is around 40 to 50 minutes, door to door. To O’Hare Airport, it’s an hour and a half. By car, a typical drive to the Loop without traffic would take about 20 minutes, and a trip to O’Hare would be 25 to 35 minutes, sans traffic. The neighborhood has good transit and some bike infrastructure.33 Realty is pleased to present for sale 45 units at 8044 S Ingleside, Chicago in East Chatham. The property building is 4-story mid-rise apartment building, beautifully situated in the scenic East Chatham with easy access to transportation into downtown through the 79th St (Chatham). This property features a diverse unit mix containing 45 units consisting of:  Seven Studio / 1 ba units ~ 500 SF  Thirteen 1 bd/ 1 ba units ~ 600 SF  Twenty-Five 2 bd / 1 ba units ~ 750 SF 8044 S Ingleside presents a terrific opportunity to acquire a high performing asset in a great area with significant room to increase the residential income through updating remaining units. With the Cottage Grove retail to the West and transportation to the East this property's location is prime. An investor has the opportunity to significantly increase the NOI through raised rents.

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Highlights

  • Within a half mile of the Metra stops at 79th St (Chatham) and 83rd ST (Avalon Park)
  • Roughly over half the units are renovated
  • Newer boiler and water heater
  • Built in 1930
  • Within a 5 minute drive from I-90/I-94
  • Outdoor Porches
  • Good mix of Studio's, 1's, and 2's
  • Opportunity for investor to add value by increasing rents to market
  • East Chatham Neighborhood
  • Situated three blocks from Avalon Park

Contacts

broker

Brian Mond

33 Realty

(312) 662-9590

Location

Getting Around

  • Walk Score ®

    84/100 Very Walkable
  • Transit Score ®

    63/100 Good Transit
  • Bike Score ®

    57/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood East Chatham
  • Zip Code 60619
  • Market Chicago

Points of Interest

  • 79th

    1.22 miles

  • Stony Island

    1.44 miles

  • 87th

    1.44 miles

  • Bryn Mawr

    1.77 miles

  • 69th

    1.91 miles

  • 95th/Dan Ryan

    2.16 miles

  • South Shore

    2.21 miles

  • Cottage Grove

    2.25 miles

  • Windsor Park

    2.30 miles

  • King Drive

    2.33 miles

  • Amstar

    0.19 miles

  • Marathon

    0.26 miles

  • Falcoln

    0.33 miles

  • Amstar

    0.66 miles

  • Marathon

    0.73 miles

  • 2001

    0.75 miles

  • BP

    0.78 miles

  • Citgo

    0.84 miles

  • Citgo

    0.86 miles

  • Clark

    0.97 miles

  • Campus South Parking

    2.54 miles

  • Dorchester Parking Lot

    2.63 miles

  • Parkiing / Mat Mgmt

    2.79 miles

  • Lexington Parking Lot

    2.82 miles

  • Medical Campus Parking Garage A

    2.86 miles

  • Medical Campus Parking Garage B

    3.05 miles

  • City of Chicago Auto Pound

    3.12 miles

  • Campus North Parking Garage

    3.21 miles

  • 93rd (South Chicago)

    3.24 miles

  • Garfield Park & Ride

    3.41 miles

  • East of the Ryan

    0.24 miles

  • Empire Motel

    0.59 miles

  • South Shore Motel

    0.86 miles

  • Admiral Motel

    1.34 miles

  • Skyway Motel

    1.58 miles

  • Best Motel

    2.02 miles

  • The Study at the University of Chicago

    2.62 miles

  • Royal Motel

    3.08 miles

  • Beverly Motel & Suites

    3.20 miles

  • New Budget Motel

    3.33 miles

  • Pepe's Mexican Restaurant

    0.35 miles

  • City Life

    0.38 miles

  • The Woodlawn

    0.43 miles

  • Reggio's Pizza

    0.66 miles

  • Burger King

    0.68 miles

  • KFC

    0.72 miles

  • McDonald's

    0.74 miles

  • Subway

    0.80 miles

  • White Castle

    0.82 miles

  • Taco Bell

    0.85 miles

  • Saint Francis School

    0.32 miles

  • Global Enterprises School of Law Enforcement

    0.37 miles

  • Hirsch Metropolitan High School

    0.42 miles

  • Avalon Park Elementary School

    0.55 miles

  • Dixon Elementary School

    0.57 miles

  • Arthur Ashe Elementary School

    0.58 miles

  • Pirie Elementary School

    0.59 miles

  • Tanksons Martial Arts Academy

    0.61 miles

  • Cornell School

    0.65 miles

  • Nu-Tek School of Beauty Culture

    0.67 miles

  • DJ Brooks Child Development Center

    1.69 miles

  • Kenyatta's Day Care and Learning Center

    1.94 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    2.20 miles

  • Shining Star Child Development

    2.97 miles

  • UChicago Child Development Center - Drexel

    3.09 miles

  • Mari's Bumble Bee Academy

    3.34 miles

  • Daycare

    3.46 miles

  • Restoring the Seed Childcare

    3.69 miles

  • Me & You Learning Academy

    4.52 miles

  • Shining Star Child Development

    4.61 miles

Frequently Asked Questions

What is the lease rate for 8044 South Ingleside Avenue?

Rental asking rate at 8044 South Ingleside Avenue is $1,562,500.00/YR.

What is the total square footage of 8044 South Ingleside Avenue?

8044 South Ingleside Avenue totals 11,958 square feet.

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Contact Listing Broker

broker

Brian Mond

33 Realty

(312) 662-9590