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$ 499,000
Est. payment /mo
Active
7847 S Essex AVE Chicago, IL 60649
20,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 20,500 sqft
Price per Sqft $24
MLS Listing ID 12592139
Year Built 1926
Annual Tax Amount $40,134
Tax Year 2023
Lot Dimensions 82X125
Property Sub-Type Multi Family 5+
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.
Location
State IL
County Cook
Area Chi - South Shore
Zoning COMMR
Interior
Cooling None
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Rashauna Scott of Keller Williams ONEChicago