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$259,900

Est. payment - /mo

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10 Beds

7 Baths

Active Under Contract

7924 S Essex AVE Chicago, IL 60617

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12293038

Bedrooms 10

Year Built 1929

Annual Tax Amount $6,344

Tax Year 2022

Lot Dimensions 30X125

Property Sub-Type Two to Four Units

Property Description

Rehab Project!!! Exciting changes are happening in South Shore, and this 4-unit building at 7924 S. Essex puts you right in the heart of it! This property offers an excellent opportunity to take on a rehab project and build significant equity. With major economic development underway, now is the time to secure your spot in one of Chicago's most promising neighborhoods. Just a short distance away, the upcoming mixed-use entertainment center at 7052 S. Jeffrey will bring a Creole restaurant, dine-in cinema, bowling alley, and event space-turning the area into a hotspot for dining and entertainment. South Shore is on the rise, with major investments reshaping the community. The Thrive Exchange project, a multi-million dollar mixed-use development at 7901 S. Exchange, will bring 43 affordable workforce housing units, retail spaces, and offices for Neighborhood Housing Services. Designed with community growth in mind, it will also feature a retail plaza, tenant amenities, and pedestrian-friendly spaces that enhance connectivity. This transformative project, backed by both public and private funding, is a game-changer for the area, providing new opportunities for businesses and residents alike. Additionally, the Obama Presidential Library is set to attract businesses, restaurants, and cultural destinations, adding long-term value. Improved infrastructure, better public transit, and planned green spaces are only adding to the area's appeal. With growing accessibility, easy transit access, and proximity to all these exciting changes, this property provides the perfect opportunity for someone to renovate the building and take advantage of the high ARV (After Repair Value). Whether you're looking to live in the building or invest in the area's booming market, this rehab project is the chance you don't want to miss to build equity and be part of South Shore's transformation!

Location

State IL

County Cook

Area Chi - South Chicago

Rooms

Basement Walk-Out Access

Interior

Heating Natural Gas

Fireplace N

Exterior

Parking Features Detached

Garage Spaces 3.0

Building

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Lake Michigan

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Chretien Matz • Keller Williams Preferred Rlty

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106