8544-48 W Gregory Street Chicago IL 60656 MLS #MRD12495093

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8544-48 W. Gregory Street is a 12-unit multifamily building with off-street parking competitively positioned in the O’Hare submarket. The unit mix is comprised of one (1) studio, four (4) 1-bed/1-bath, six (6) 2-bed/1-bath and one (1) 3-bed/2-bath units. The property has been under the same ownership since 1988, presenting a value-add opportunity. Notable capital improvements include new roof, newer windows and apartment entry doors and a new tankless hot water heating system. All tenants are long-term with month-to-month tenancy. The location checks all the boxes for tenants with convenient access to the Cumberland CTA stop (walking distance), the Kennedy Expressway and O’Hare International Airport.

Property Details

Price:
$2,000,000
MLS #:
MRD12495093
Status:
Active Under Contract
Beds:
6
Baths:
5
Type:
Commercial
Neighborhood:
chiohare
Listed Date:
Oct 14, 2025
Year Built:
1972
Chi – O’hareChiohare

Schools

Interior

Exterior

Financial

Maintenance Fee
$3,000
Net Operating Income
$61,589
Tax Year
2023
Taxes
$15,835

Listing Agent & Office

Melissa Morgan
Flats, LLC

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