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8827 S Loomis St
Multi-Family
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$305,000

8827 S Loomis St, Chicago

74% below median
6 bd·5 ba·0 sqft
Built 1925Auburn Gresham

8827 S Loomis St, Chicago, IL

6 bd · 5 ba · 0 sqft Multi-Family listed at $305,000, built in 1925 in the Auburn Gresham neighborhood.

About this home

Here's your chance to own a solid, all-brick 4-unit building with a side drive and 2-car brick garage in the sought-after Brainerd subdivision of Auburn Gresham. Owned by the same family for years, this property is ready for its next chapter-the perfect opportunity for an owner-occupant, seasoned investor, or portfolio builder looking for a project with incredible potential. This classic Chicago beauty features two 1-bedroom/1-bath units and two 2-bedroom/1-bath units, each offering spacious living rooms, formal dining rooms, and eat-in kitchens with pantries. Original hardwood floors, solid wood doors, detailed millwork, built-in shelving, and decorative fireplaces highlight the timeless craftsmanship and character that make this property stand out. The full walkout basement spans the entire length of the property and already includes bathroom plumbing, offering endless possibilities for a studio, office, or additional living space once finished. Rear porches have been recently rebuilt, and several windows have been updated, providing a great foundation for modernization. Location is everything, and this one delivers. Just steps from the Metra train station, CTA bus routes, and Divvy bike rentals, this property sits in a truly convenient, commuter-friendly spot. The Chicago Public Library anchors the corner of the block, adding even more community charm and accessibility. Bring your vision and creativity-this property's structure is incredibly strong, and the bones are truly amazing, making it a remarkable canvas for the right buyer. Please Note: Property is being sold AS-IS. Buyer is responsible for all city requirements, inspections, violations, and trash/junk removal. There is no power, gas, or water service at the property. Buyers and agents must bring a flashlight for showings. Utilities will not be turned on for any inspections or any other reason. Please initial the "As-Is" section on all offers.

Property details

Price
$305,000
Bedrooms
6
Bathrooms
5
Year built
1925
Type
Multi-Family
Days on market
194
Est. property tax
$6,344/yr · $529/mo · 2.08% IL avg

Estimated monthly payment

Down payment20% ($61,000)
Interest rate6.75%
Principal & Interest$1,583
Property Tax$280
Insurance$150
Total$2,012/mo

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Price history

5.2%Most recent change on 2026-03-17: $289,900$305,000.

$395K$337K$280K$385K on Aug 24 (Initial list)$290K on Oct 25 (Initial list)$305K on Mar 26 (Relisted)
$385K · Aug 24$305K · Mar 26
  1. Mar 17, 2026$305,000Relisted
  2. Oct 14, 2025$289,900Initial list price
  3. Aug 6, 2024$385,000Initial list price

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Home Intelligence

Neighborhood (zip 60620)

Median age is 39.1; 12% hold a bachelor's degree; 49% of homes are owner-occupied; median household income is $46,472.

Median income
$46,472
Median age
39.1
Owner-occupied
48.6%
Bachelor's degree
11.9%
Census median home value
$177,500

Source: US Census Bureau American Community Survey 5-year estimates.

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