7849 S Escanaba Avenue Chicago, IL ^$ 5,500,000

7849 S Escanaba Avenue

^$ 5,500,000

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7849 S Escanaba Avenue

Chicago, IL, 60617

^$ 5,500,000

Bedrooms6 Baths0.0

Monthly Estimate*

^$ 36,555

7849 S Escanaba Avenue, Chicago, IL 60617 - Image 1

7849 S Escanaba Avenue, Chicago, IL 60617 - Image 2

Multi-Family Home for sale in Chicago, IL

for $5,500,000 with 6 bedrooms. This home was built in 1930 on a lot size of 0.263636.

****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.

Multi-Family Active

Price

^$ 5,500,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 6,916

Style

Lot Size

0.263636

Year Built

1930

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12007910

Features

General

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 Multi Family 5+

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 N

Days on Market 7

Standard Status Active

Exterior

Lot Dimensions 127' X 87'

Interior

Street Suffix Avenue

* Excluded Features

List By

Compass

Broker

steve.kehoe@compass.com

Affordability Calculator

$37,131

Per Month

Monthly Principal & Interest: $36,555
Monthly Property Taxes: $576
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$643,097

Percent of Sale Price 88%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/20/2024	$5,500,000		Listed Price

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7849 S Escanaba Avenue, Chicago, IL, 60617 is a Multi-Family Home for sale at $5,500,000 with a lot size of 0.263636. 7849 S Escanaba Avenue has 6 bedrooms, 0.0 baths, and was built in 1930. The property's zip code is 60617 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 6/9/2024.

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7849 S Escanaba Avenue

Multi-Family Home for sale in Chicago, IL

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