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8035 S Evans Ave 12 Unit Apartment Building $525,000 ($43,750/Unit) Chicago, IL 60619
Executive Summary
A 12-unit apartment building ideally suited for value-add investors seeking to create sweat equity through strategic repositioning. Six of the 12 units suffer from extensive fire damage. The property is well located in Chatham, benefiting from strong transit connectivity, durable neighborhood demand, and favorable Chicago multifamily fundamentals driven by a limited new supply pipeline. This is the type of asset where clean execution renovation efforts can translate directly into NOI growth, creating long-term stability for investors focused on both cash flow and appreciation.
Property Facts
| Price | $525,000 | Building Class | C |
| Price Per Unit | $43,750 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 10,400 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RT-4 | ||
| Price | $525,000 |
| Price Per Unit | $43,750 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 10,400 SF |
| No. Stories | 3 |
| Year Built | 1926 |
| Opportunity Zone |
Yes |
| Zoning | RT-4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Vintage Building
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 600 |
1 1
Walk Score®
Walker's Paradise (90)
Property Taxes
| Parcel Number | 20-34-215-009-0000 | Improvements Assessment | $63,668 |
| Land Assessment | $11,532 | Total Assessment | $75,200 |
Property Taxes
Parcel Number
20-34-215-009-0000
Land Assessment
$11,532
Improvements Assessment
$63,668
Total Assessment
$75,200
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8035 S Evans Ave
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