8156 S Laflin Street

Chicago, IL60620

Knock, knock. Who's there? Opportunity. Fully rented (with a waiting list also) brick, 18-unit multifamily building offers investors a very attractive cap rate! Featuring 18 spacious one-bedroom, one-bath units, each offering hardwood floors throughout and full wood cabinet kitchens and ceramic tiled baths. New owner can modernize and increase rental income to market levels. Consider converting six of the existing units into two-bedroom layouts for even more additional income, subject to applicable approvals. Recent improvements include a new boiler, a water heater less than five years old, and significant upgrades to the rear porch. The property also offers ample street parking, adding convenience and appeal for tenants. Ideally situated directly across from Cook Elementary School, just one block north of Foster Park and only three blocks from the bustling Ashland Avenue retail corridor. This property benefits from a convenient location near shopping, dining, parks, and neighborhood amenities. Solid construction, full occupancy, recent upgrades, and substantial upside potential makes this is a 'must see' for any savvy investor. See the rest, buy the best!

Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX Partners



Based on information submitted to the MLS GRID as of 2026-10-18 05:13 PM UTC. 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.
Last checked: 2026-10-18 05:13 PM UTC
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