Address
7849 S Escanaba Avenue, Chicago, IL
Price
$ 5,500,000
Property Attributes
  • MLS#12007910
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - South Shore
  • NeighborhoodSouth Shore
  • Zip60617
  • Style
  • Year Built1930
  • Taxes$ 6916
  • Price$ 5,500,000
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.263636 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

****THIS BUILDING IS PART OF AN REO PORTFOLIO SALE AND INCLUDES 5 BUILDINGS (118 TOTAL UNITS): (1) 8100-8110 S Paulina St, Chicago IL 60620, (2) 8200 S Paulina St, Chicago IL 60620, (3) 8102 S Maryland Ave, Chicago IL 60619, (4) 7157 S Yale Ave, Chicago IL 60621, (5) 7849 S Escanaba Ave, Chicago IL 60617.******/// 7849 S Escanaba Ave is a 24-unit building in Chicago's South-Lakefront South Shore neighborhood. Property is also located in TIF district. This property has a unit mix of six (6) storefronts, twelve (12) one bed/one bath units, three (3) two bed/one bath units, and nine (9) 3 bed/1 bath units. This beautiful masonry building will require moderate renovation. Built in 1930 and boasting 27,000 sq ft of space, 7849 S Escanaba Ave offers a unique opportunity to contribute to the continued enrichment of the South Shore neighborhood.

Price History
3/20/2024 Listed $5,500,000

General Features

Cooling Central Individual
Year Built 1930
Electric Over 600 Amps
Tenant Pays Electricity
Stories 4
Tax Year 2021
Gross Income 342000
County Cook
Net Operating Income 270284
Operating Expense 59765
Insurance Expense 10000
Property Type Commercial Sale
MaintenanceExpense 11000
Status Active
Directions Head S on Exchange to Escanaba. Slight Turn on to S Escanaba. Property on the NE corner of Escanaba and 79th st.
City Chicago
NumberOfUnitsTotal 24
MLS Area CHI - South Shore
Lot Size Square Feet 11484
Street Name Escanaba
Tax Annual Amount 6916.09
Electric Expense 3000
Fuel Expense 5400
Trash Expense 1800
Water Sewer Expense 7500
Additional Parcels Y/N No
Days on Market 7
Standard Status Active
Property Type Multi Family 5+

Interior Features

Street Suffix Avenue

Exterior Features

Lot Dimensions 127' X 87'

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60617

Price
AVG $380K
$5.5M
Taxes
AVG $3,154
$6,916
Visits
AVG 192
812
Data Provided by Inside Real Estate®
Year Built
AVG 1911
1930