BEDS0
BATHS
SQUARE FEET20,500
MLS#12592139
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Seller financing available! Introducing 7847 S Essex Ave, a 28-unit mixed-used investment opportunity located in Chicago's South Shore neighborhood. This well-positioned corner building offers investors the chance to acquire a sizable asset with strong income potential for both residential and commercial use just minutes from Lake Michigan. The property has 1 commercial tenant and the rest of the building is completely vacant. Unit mix is 6 commercial, 14 one bedrooms, 8 studios. Extensive renovation is needed, this project is best for someone who has re-development experience. With consistent rental demand in the area, this asset presents an excellent opportunity for both seasoned investors and those looking to begin or expand their apartment portfolio. This investment is one that presents a significant opportunity for value add. Conveniently located with close proximity to public transportation, Obama Library, Museum of Science & Industry, Lake Shore Drive, the historic South Shore Cultural Center, a $9 billion dollar Quantum Computing Campus, and much more! Don't miss out on your opportunity to have a positive impact on the community by renovating this large multi-family property in one of Chicago's evolving Southside neighborhoods. Schedule your private tour today! Some exterior photos are virtually staged.
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Lot Size: 0.24 Acres
Stories: 3.0
Taxes: $40,134
Year Built: 1926
Feature Descriptions
Current Use: Multi-Family
Exterior: Brick
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Radiators
Location: Corner
Lot Dimensions: 82X125
Parcel#: 21303270200000
Potential Use: Commercial, Multi-Family
Units: 28
Listed By / Shown By
Listed By
Agency Name: Keller Williams ONEChicago
Agency Phone: 312-216-2422
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 4,600.60 per month $1,110.56 Principal & Interest $3,344.50 Property Tax $145.54 Homeowner's InsuranceChange Payment Information
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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.
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7847 S Essex Avenue | MLS# 12592139
This multi-family property located at 7847 S Essex Avenue, Chicago, IL 60649 is currently listed for sale with an asking price of $499,000. Search Chicago real estate on www.bhhscrosby.com today.