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$799,926
12723001 MLS PENDING Status
UNRIVALED 25-UNIT VALUE-ADD OPPORTUNITY IN THE HEART OF AUBURN GRESHAM Strike while the market is hot with this massive brick mixed-use powerhouse located at 1206-1210 W 83rd St. Positioned as the most competitive investment in the 60620 zip code, this asset is priced for a high-octane liquidation at just $799,000. This is a rare chance to secure a scale-level project at approximately $32,000 per door in a submarket that has seen a 21.7% year-over-year increase in median listing prices. The heavy lifting on capital expenditures has already been initiated with five units completely transformed into designer showcases. These renovated units feature sleek shaker cabinetry paired with premium white quartz countertops and a full suite of stainless steel appliances. The aesthetics are elevated by modern porcelain tile in the bathrooms, sophisticated matte black fixtures, and a mix of luxury vinyl plank and meticulously refinished original hardwoods. Throughout the building, new vinyl windows provide immediate energy efficiency and long-term cost savings. Operating at 55% occupancy, this property offers an immediate lease-up upside at 2026 market rates. The five high-visibility storefronts under flexible B3-2 zoning provide a versatile commercial engine or potential for residential conversion. Furthermore, the bottom line is set for a massive boost with property taxes projected to drop from $29,000 to low teens next year. This is an "as-is" sale perfect for cash or hard money buyers looking to move fast and capture the best price-per-unit deal on the South Side. Forget the "unknowns" of a total gut rehab. We've already done the heavy lifting on the most critical components: Renovated Showcase Units: 5 units have been completely transformed with high-end designer finishes to set the new building standard. Designer Kitchens: Sleek shaker cabinetry, premium quartz countertops, and a full suite of stainless steel appliances. Spa-Inspired Baths: Modern porcelain tile, matte black fixtures, and custom LED lighting. Premium Flooring: A sophisticated mix of Luxury Vinyl Plank (LVP) and meticulously refinished original hardwoods. Energy Efficiency: The building features updated vinyl windows throughout, drastically reducing future CapEx. System Integrity: Recent maintenance includes fixed leaks and plumbing updates, ensuring a smoother transition for the new owner. THE UPSIDE: THE NUMBERS DON'T LIE Immediate Lease-Up Potential: Currently 55 percent occupied, allowing you to hand-select your tenant base at 2026 market rates. Commercial Engine: 5 vacant storefronts under flexible B3-2 zoning-perfect for retail, service, or potential residential conversion. Tax Transformation: Significant bottom-line boost incoming with property taxes projected to drop from $29k to just low teen next year. Priced to Move

1206-1210 W 83Rd Street, Chicago

$340,000
3 Beds 4 Baths 11764003 MLS CLOSED Status
Welcome to this fully renovated home of perfection. This home sits at 8606 S. Marshfield. This home offers 5 beds and 4 baths with approximately 3,500 sq.ft. of living space. You are destined to fall in love the moment you enter this home. You will immediately observe the unique custom maple hardwood floors upon your entry. Then you ll notice an executive style kitchen. The kitchen features custom white cabinets with beveled glass and leather granite. Stainless steel smart hub refrigerator is great for family fun nights. The hub even offers music options. The kitchen flows right into the dining room, which sparkles from a 43"-inch LED Crystal Linear Chandelier with clear Royal Cut Crystals. It s a gorgeous entry into the second floor. The second floor features a master bedroom suite that includes a gorgeous walk-in closet, retractable ceiling fan, and a prayer closet. After a long day of work, enjoy your spa-like bathroom located in the master suite bathroom. The 55"-inch 6-jet shower panel system with LED rainfall waterfall is top tier. If you are already not convinced that this is not a dream, come true, just wait until you see the basement! The basement offers a family room, wet bar with beverage cooler, private laundry area, a full bathroom and two additional bedrooms! Features of 8601 S Marshfield include a new roof, new plumbing, new electrical, 2 new furnace/central air conditioning, all new windows, new Smart locks and new energy efficient appliances. Schedule your showings today!

8606 S Marshfield Avenue, Chicago

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Auburn Gresham, Chicago IL · Curated MLS Search

55+ Community Homes in Auburn Gresham, Chicago IL

An editorially curated view of every active 55+ community homes listing in Auburn Gresham, Chicago IL. Updated in real time from the local MLS, presented without the noise.

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