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7847-7853 S Essex Ave 27 Unit Apartment Building $677,424 CAD ($25,090 CAD/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 | $677,424 CAD | Building Class | C |
| Price Per Unit | $25,090 CAD | 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 | $677,424 CAD |
| Price Per Unit | $25,090 CAD |
| 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 | $334,198 CAD |
| Land Assessment | $14,373 CAD | Total Assessment | $348,571 CAD |
PROPERTY TAXES
Parcel Number
21-30-327-020-0000
Land Assessment
$14,373 CAD
Improvements Assessment
$334,198 CAD
Total Assessment
$348,571 CAD
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7847-7853 S Essex Ave
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