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Listed by Ryan Smithof RE/MAX Premier
$ 224,900
Est. payment /mo
Pending
8709 S Escanaba Avenue Chicago, IL 60617
8 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 12505456
Bedrooms 8
Year Built 1888
Annual Tax Amount $1,904
Tax Year 2023
Lot Dimensions 25 x 140
Property Sub-Type Two to Four Units
Property Description
Located on the East Side this jumbo 4 unit building offers tons of cash flow potential to a buyer seeking a passive investment and is not a building which should be overlooked! Can look at this building in two scenarios, live in one unit and rent the other three out while creating cash flow or rent all four units out, either way this is a win win situation! Each unit is very spacious with 2 bedrooms per unit, large living room area, spacious kitchen area and overall good size! There are minor updates needed to the units but the potential for value add is there! There is a parking pad on the rear of the lot, build a garage and add value to the building, the basement is unfinished, duplex the first floor units down to create more equity upside! Any way you look at this building this is a win win situation!
Location
State IL
County Cook
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding,Frame
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition REO/Lender Owned

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