$469,900
PENDING $22K PRICE DROP

8056 S Burnham Ave Chicago, IL 60617

South Chicago Neighborhood

Estimated payment $3,162/month

Total Views 1,993
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Large all brick 11-unit in fairly decent condition. The mix is as follows: 7x - studios, of which 5 are average size and 2 are large, 3x-1 bedroom units, and 1x-2 bedroom unit. Owners have self managed over several years and are ready to pass on to the next generation of investors. Building has a new roof; rents could easily be higher. Sold AS-IS

Listing Agent

Earick Rayburn

Rayburn Realty Group INC License #471014672 Listed on: 05/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,023

Year Built

  • Built in 1924

Lot Details

  • 6,000 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Membrane Roofing
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Carbon Monoxide Detectors

Utilities

  • Central Heating
  • 200+ Amp Service

Community Details

Overview

  • 11 Units

Building Details

  • Electric Expense $989
  • Fuel Expense $7,850
  • Insurance Expense $8,268
  • Maintenance Expense $3,000
  • Other Expense $700
  • Trash Expense $2,240
  • Water Sewer Expense $8,947
  • Operating Expense $32,994
  • Gross Income $77,400
  • Net Operating Income $44,406

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,023

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1924
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: Older
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Fire Protection: Carbon Monoxide Detector(s)
  • Refrigerators: 11
  • Ranges: 11
  • Room: 1
  • Room: 3
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 469900
  • Roof: Membrane

Utilities

  • Electric: Circuit Breakers, Service - 201 to 600 Amps
  • Heat/Ventilation: Central Bldg Heat

Fee Information

  • Trash Expense: 2240
  • Water Sewer Expenses: 8947
  • Janitor Expense: 1000

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.13
  • Lot Dimensions: 6,000 SQ FT
  • Lot Size Sq Ft: 6000
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8
  • Tenancy Type: Leases

Multi Family

  • Net Operating Income: 44406
  • Fuel Expense: 7850
  • Insurance Expense: 8268
  • ElectricExpense: 989
  • GrossIncome: 77400
  • Maintenance Expense: 3000
  • NumberOfUnitsTotal: 11
  • OperatingExpense: 32994
  • Expense Year: 2024
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 8022.71
  • Tax Year: 2023

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 Pending -- -- --
06/09/2025 06/09/25 Price Changed $469,900 -4.5% --
05/18/2025 05/18/25 For Sale $491,900 -- --
Source: Midwest Real Estate Data (MRED)

Similar Home in Chicago, IL

  • 1926 W Grand Ave, Chicago, IL 60622

    $489,500

    • 2 Beds
    • 3 Baths
    • 1926 W Grand Ave
    • Chicago, IL

    Exceptional Mixed-Use Opportunity in Prime West Town Location! All-brick 2-story building with flexible zoning and covered rear parking. The updated second-floor residence features a spacious 2-bedroom loft with vaulted ceilings, skylights, and a large open-concept great room with private access to a rooftop deck. The kitchen offers maple cabinetry, Corian countertops, stainless steel

    Ralph Milito @properties Christie's International Real Estate

    Section Image
See All Homes in Chicago

Source: Midwest Real Estate Data (MRED)

MLS Number: 12368849

Midwest Real Estate Data (MRED)

APN: 21311150360000

Illinois Cook County Chicago 60617 South Chicago

8056 S Burnham Ave, Chicago, IL

This home is located at 8056 S Burnham Ave, Chicago, IL 60617 and is currently priced at $469,900. This property was built in 1924. 8056 S Burnham Ave is a home located in Cook County with nearby schools including Bradwell Community Arts & Sci Elementary School, Great Lakes Academy, and Epic Academy High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. 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. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes
Earick Rayburn
Listing Agent
Earick Rayburn
Section Image
Rayburn Realty Group INC
(872) 275-2947