8612 S Burnham Avenue, Chicago, IL 60617
Local realty services provided by:Results Realty ERA Powered
Listed by: shuatequa johnson
Office: realty of america, llc.
MLS#:12734871
Source:MLSNI
Price summary
- Price:$489,700
About this home
FULLY RENOVATED LEGAL 3-UNIT | ALL 3 UNITS VACANT | RECENTLY APPRAISED $15K ABOVE ASKING! Discover an opportunity to own a fully renovated, legal three-unit multifamily property in Chicago's South Chicago neighborhood. Whether you're looking to live in one unit while generating rental income from the others or expand your investment portfolio, this property offers flexibility, modern upgrades, and investment potential. Extensively renovated in 2026, this property features 8 bedrooms and 4 bathrooms across three units, including two 2-bedroom, 1-bathroom units and one spacious 4-bedroom, 2-bathroom unit. Improvements include new electrical, plumbing, HVAC systems with central air conditioning, updated kitchens and bathrooms, modern finishes, and separate utility meters. ALL THREE UNITS ARE VACANT, giving the next owner the flexibility to select tenants, establish rental arrangements, or occupy a unit without existing tenant leases. Additional features include basement storage, laundry hookups, and a rear parking pad. RECENTLY APPRAISED $15,000 ABOVE ASKING PRICE! The property recently received an appraisal exceeding the current listing price, offering buyers an additional valuation reference when considering this extensively renovated multifamily property. Appraisal documentation may be available upon request. MAJOR DEVELOPMENTS UNDERWAY: South Chicago is experiencing significant public and private investment, including the 440-acre Quantum Shore development and the 128-acre Illinois Quantum and Microelectronics Park, supported by a $500 million State of Illinois investment commitment. The development is expected to attract technology companies, research institutions, and employment opportunities, including IBM's announced commitment to create 750 full-time jobs. Adding to the area's investment activity, Advocate Health Care has broken ground on a new $300 million hospital, part of its broader $1 billion investment in South Side healthcare. The hospital is expected to open in 2029, bringing expanded healthcare services and additional employment opportunities to the area. With extensive renovations completed, all three units vacant, a recent appraisal above asking, and proximity to major technology and healthcare developments, this property offers a compelling opportunity for owner-occupants and investors seeking a renovated multifamily property. Schedule your private showing today!...
Contact an agent
Home facts
- Year built:1898
- Listing ID #:12734871
- Updated:November 14, 2026 at 09:52 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:14
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Electric, Gas
Structure and exterior
- Year built:1898
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$489,700
- Tax amount:$1,092 (2025)
Parking
- Total parking spaces:1
Copyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 8612 S Burnham Avenue
- New
$675,000Active2 beds 2 baths1,500 sq. ft.1702 N Washtenaw Avenue #3, Chicago, IL 60647
MLS# 12807985Listed by: AVONDALE REALTY LLC - New
$228,000Active2 beds 1 baths874 sq. ft.5124 S Newland Avenue, Chicago, IL 60638
MLS# 12808209Listed by: TRADEMARKS & ASSOCIATES - New
$350,000Active2 beds 1 baths600 S Dearborn Street #2116, Chicago, IL 60605
MLS# 12808507Listed by: CHICAGO AREA REALTY INC - Open Sat, 12 to 2pmNew
$454,900Active6 beds 2 baths1,049 sq. ft.4345 W 78th Street, Chicago, IL 60652
MLS# 12808732Listed by: SMART HOME REALTY - Open Sun, 12:30 to 2pmNew
$339,900Active4 beds 4 baths1,660 sq. ft.7123 S Michigan Avenue, Chicago, IL 60619
MLS# 12753114Listed by: 3G REALTY GROUP - New
$549,900Active2 beds 2 baths1,600 sq. ft.1512 N Sedgwick Street #2, Chicago, IL 60610
MLS# 12800363Listed by: COMPASS - New
$839,000Active7 beds 4 baths3241 W Wilson Avenue, Chicago, IL 60625
MLS# 12801942Listed by: EXP REALTY - Open Sat, 2 to 4pmNew
$399,000Active5 beds 3 baths3,000 sq. ft.5022 S Carpenter Street, Chicago, IL 60609
MLS# 12808326Listed by: EXP REALTY - New
$349,990Active2 beds 2 baths1,100 sq. ft.5605 N Miltimore Avenue #GS, Chicago, IL 60646
MLS# 12808519Listed by: CORE REALTY & INVESTMENTS INC. - Open Sat, 12 to 2pmNew
$830,000Active2 beds 2 baths1,586 sq. ft.420 E Waterside Drive #1712, Chicago, IL 60601
MLS# 12808584Listed by: COLDWELL BANKER REALTY
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2023 - 2026 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.