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$ 259,900
Est. payment | /mo
10 Beds
7 Baths
$ 259,900
Est. payment | /mo
10 Beds
7 Baths
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
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
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Chretien Matz • Keller Williams Preferred Rlty
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Alan Berlow
REALTOR | Lic# 475125930