$1,800,000

Est. payment -/mo

Est.Price: ?

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8000 S Paxton AVE Chicago, IL 60617

SOLD DATE : 07/01/2022

Key Details

Sold Price $1,800,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11309690

Sold Date 07/01/22

Year Built 1928

Annual Tax Amount $17,910

Tax Year 2020

Lot Dimensions 142X128

Property Sub-Type Multi Family 5+

Property Description

8000 S Paxton is a 21-unit multifamily property located in the South Chicago neighborhood of Chicago, IL. This property is located in a federal qualified opportunity zone and consists of (3) studios, one-bath units, (17) one-bedroom, one-bath units and (1) two-bedroom, one-bath units. The property, built in 1928, has benefited from many capital improvements and is fully occupied. The subject property is 17.2 miles South West of Midway International Airport and 10 miles from Chicago's central business district. The South Chicago neighborhood has direct access to Lake Shore Drive and Chicago Skyway. The Metra line is under construction and many other exciting developments. The subject property is 2.6 miles west of Chicago's Rainbow Beach and Eugene Sawyer Water Purification Plant. It is 10.5 miles from Chicago's central business district. This property gives an investor the opportunity to acquire a well-maintained asset and achieve above-average returns from day one.