8616 Escanaba Avenue, South Chicago, Chicago, Illinois 60617
$385,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 6 |
| Baths: | 0 |
| Year Built: | 1908 |
| Property Taxes: | $1,851 |
| Days On Market: | 663 |
| Lot Size: | 0,07 |
Description
Incredible Investment Opportunity: This LEGAL FOUR-UNIT property is a CASH COW and priced well within the FHA Loan limits, so qualified buyers only need 3.5% of purchase price for down payment. Zoning Certificate is found under additional information. Amazing (estimated) $52,800 Annual Rental INCOME PROJECTION: 2bed/1bath rental comp: 8506 S Manistee, Unit 1 {MLS 11671074} rented for $1,200 in 14 days | 8371 S Bond, Unit 1F {MLS 11761401} rented for $1,000 in 14 days. The front units, each with 2 bedrooms and 1 bathroom, provide a comfortable living space, while the rear units offer 1 bedroom, an enclosed porch that can be used as a den, office or bedroom and 1 bathroom. Conveniently located within walking distance of the Metra train stop, just a mile away from the scenic Lake Front, and near Steelworkers Park, your tenants will have it all. What sets this property apart is the spacious unfinished attic, offering the potential for an additional rental unit or duplex expansion. The full basement is perfect for laundry facilities and extra storage. Here's your chance to own a solid brick building in a highly desirable area. FHA welcomed. Our motivated seller is open to issuing CCC with a competitive offer. Don't miss out!
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1908 | |
| — | |
| — | |
| No | |
| 0.07 |
| Cook | |
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| — / — | |
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| — | |
| 11939172 | |
| 21314230240000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Mireles Elementary School Academ |
299 | — | |
|
Middle School
Mireles Elementary School Academ |
299 | Not in DB | |
|
High School
Bowen High School |
299 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 1 Jul, 2020 | Sold | $51,000 | MRED MLS |
| 12 Jun, 2020 | Under contract | $65,000 | MRED MLS |
| 4 Jun, 2020 | Listed for sale | $65,000 | MRED MLS |
| 8 Feb, 2024 | Sold | $385,000 | MRED MLS |
| 16 Jan, 2024 | Under contract | $375,000 | MRED MLS |
| 30 Nov, 2023 | Listed for sale | $375,000 | MRED MLS |
Room Specifics
Total Bedrooms: 6
Bedrooms Above Ground: 6
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Unfinished
Other Specifics
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| 3125 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2020 | $2,302 |
| 2024 | $1,851 |
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Listing Provided By
MPower Residential Brokerage LLC
