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Listed by Yuliya Onyshchukof Marblestone Property Group LLC
$ 550,000
Est. payment /mo
Active Under Contract
7611 S Essex AVE Chicago, IL 60649
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12626942
Year Built 1926
Annual Tax Amount $10,821
Tax Year 2024
Lot Dimensions 50x125
Property Sub-Type Multi Family 5+
Property Description
Six 3BR/2BA units | 5/6 units occupied | rents $1,150-$1,700/mo | 2025 rent income $81,418 | NOI ~$38,500 | Current rents below market with clear upside as leases roll. Solid brick building, hardwood floors throughout, gated front yard, on-site parking. Property requires substantial rehabilitation and is offered strictly AS-IS. Investor opportunity with multiple units. Seller makes no representation regarding condition, code compliance, unit legality, occupancy status or future development potential. Buyer responsible for independent due diligence.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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