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7847-7853 S Essex Ave 27 Unit Apartment Building $489,999 ($18,148/Unit) Chicago, IL 60649
Investment Highlights
- Professional Offering Memorandum available upon request
- $18k/Unit
- Located within walking distance to the 79th street South Shore Metra Electric Line stop
- Rare opportunity to acquire a fully vacant property in need of a complete gut renovation
- Projected 23.4% cash-on-cash return after renovations
Executive Summary
Nara Advisors is pleased to exclusively market for sale 7847 S Essex, a 27-unit mixed-use building located in Chicago's South Shore neighborhood.
Property Facts
| Price | $489,999 | Building Class | C |
| Price Per Unit | $18,148 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 20,000 SF |
| No. Units | 27 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1926 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | B3-2 - Permits Mixed Use Development | ||
| Price | $489,999 |
| Price Per Unit | $18,148 |
| Sale Type | Investment |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 20,000 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 1926 |
| Opportunity Zone |
Yes |
| Zoning | B3-2 - Permits Mixed Use Development |
Amenities
Site Amenities
- 24 Hour Access
- Controlled Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | - | 450 |
1 1
Walk Score®
Very Walkable (73)
Property Taxes
| Parcel Number | 21-30-327-020-0000 | Improvements Assessment | $227,069 |
| Land Assessment | $10,280 | Total Assessment | $237,349 |
Property Taxes
Parcel Number
21-30-327-020-0000
Land Assessment
$10,280
Improvements Assessment
$227,069
Total Assessment
$237,349
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7847-7853 S Essex Ave
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