8559 Escanaba Avenue, South Chicago, Chicago, Illinois 60617
$229,000
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For Sale
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| Status: | New |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 10 |
| Baths: | 0 |
| Year Built: | 1913 |
| Property Taxes: | $2,954 |
| Days On Market: | 0 |
| Lot Size: | 0,00 |
Description
This legal-brick four-unit building in South Shore offers a clear path for growth and long-term value. The property includes two large three-bedroom units and two two-bedroom units, providing a versatile layout for future tenants, with additional upside in finishing the attic and basement into units. Market rents in the area run $1,700-$1,900/month for 3-beds and $1,250-$1,600/month for 2-beds. CHA voucher rates are $1,630 for 3-beds and $1,270 for 2-beds. South Shore has real momentum. The Obama Presidential Center, 3 miles away, opens in June 2026 and is already pulling attention and investment into the corridor. The proposed Bears stadium and entertainment district is 6.5 miles out, another longer-term tailwind for the South Side. Fantastic bones, great unit mix, and a neighborhood that's moving. This is a home run for the right buyer.
Property Specifics
| Multi-unit | |
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| 1913 | |
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| No | |
| — |
| Cook | |
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| — / — | |
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| — | |
| 12592323 | |
| 21314180440000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 21 Dec, 2009 | Sold | $16,000 | MRED MLS |
| 29 Sep, 2009 | Under contract | $9,900 | MRED MLS |
| — | Last price change | $14,900 | MRED MLS |
| 3 Sep, 2009 | Listed for sale | $14,900 | MRED MLS |
| 23 Apr, 2019 | Sold | $115,000 | MRED MLS |
| 27 Mar, 2019 | Under contract | $119,900 | MRED MLS |
| 20 Mar, 2019 | Listed for sale | $119,900 | MRED MLS |
| 15 Sep, 2021 | Sold | $264,000 | MRED MLS |
| 25 Jun, 2021 | Under contract | $245,000 | MRED MLS |
| — | Last price change | $250,000 | MRED MLS |
| 2 Sep, 2020 | Listed for sale | $210,000 | MRED MLS |
| 17 Mar, 2026 | Listed for sale | $229,000 | MRED MLS |
Room Specifics
Total Bedrooms: 10
Bedrooms Above Ground: 10
Bedrooms Below Ground: 0
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
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| 25x125 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2009 | $3,470 |
| 2019 | $4,699 |
| 2021 | $2,901 |
| 2026 | $2,954 |
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