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$ 560,000
Est. payment | /mo
4 Beds
4 Baths
$ 560,000
Est. payment | /mo
4 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12770217
Bedrooms 4
Year Built 1963
Annual Tax Amount $9,905
Tax Year 2025
Lot Dimensions 4687
Property Sub-Type Two to Four Units
Property Description
Welcome to 8110 W Addison! A value-add 2-flat with income producing residential units and first floor opportunity! This property offers investors the opportunity to acquire a 2-flat with two residential units already in place on the second floor. The front unit features 3 bedrooms and 2 bathrooms, while the rear unit offers 1 bedroom and 1 bathroom-providing multiple rental-income opportunities. The first floor has been used commercially for approximately 30 years and, per the City of Chicago, will need to be converted to residential use by the next owner. This creates a significant value-add opportunity for an investor to finish the first floor according to their vision and investment strategy while continuing to generate rental income from the existing second-floor units. Ideal for an investor seeking current rental-income potential plus future upside, or an owner-occupant looking to for rental income. Bring your plans, complete the first-floor conversion, and unlock the property's full potential. Buyer to independently verify zoning, permitted uses, conversion requirements, permits, building requirements, and all other applicable City of Chicago requirements. Square footage is approximate. Agent is related to seller.
Location
State IL
County Cook
Area Chi - Dunning
Rooms
Basement None
Interior
Heating Radiant
Equipment Ceiling Fan(s), Water Heater-Gas
Fireplace N
Exterior
Garage Spaces 1.0
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Richard Kasper of Compass
Nearby School & Business
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