7830 South Essex Avenue

Chicago, IL 60649

$475,000
Price
20
Beds
13
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

7828 s. Essex is an exceptional investment opportunity in the sought-after South Shore neighborhood. This property features six expansive 3-bedroom, 2-bathroom units and one 3-bedroom, 1-bathroom garden apartment, each offering over 1,500 square feet of living space with elegant hardwood flooring and separate living and dining rooms. Recent upgrades, including a new roof and new garden unit. Positioned in a high-demand area with limited competition, these units promise strong rental potential. Additionally,...7828 s. Essex is an exceptional investment opportunity in the sought-after South Shore neighborhood. This property features six expansive 3-bedroom, 2-bathroom units and one 3-bedroom, 1-bathroom garden apartment, each offering over 1,500 square feet of living space with elegant hardwood flooring and separate living and dining rooms. Recent upgrades, including a new roof and new garden unit. Positioned in a high-demand area with limited competition, these units promise strong rental potential. Additionally, the property includes a four-car garage and a basement laundry facility, both currently unused, providing significant potential for additional income.
  1. Listed by Lori Wyatt • Real Estate Growth Partners
  2. Listed by Derek Light • Real Estate Growth Partners

Property Details for 7830 South Essex Avenue

Area
CHI - South Shore
LISTING UPDATED: 11/13/2024 09:24 AM

Property Details for 7830 South Essex Avenue

StatusActive
MLS #12200563
Days on Market16
Taxes$5,077 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1931
Lot Size0.17 AC / 7,405 SF
CountyCook County

Building Information for 7830 South Essex Avenue

Stories3Residences7Year Built1931Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 7830 South Essex Avenue

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Central Bldg Heat,Radiators
  • Num of Baths: 13.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 125 X 25
  • Stories: 3
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 9
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $216.00
  • Fuel Expense: $9,252.00
  • Gross Income: $109,965.00
  • Gross Scheduled Income: $109,965.00
  • Insurance Expense: $3,882.00
  • Maintenance Expense: $1,400.00
  • Known Encumbrances: None Known
  • Total Annual Expense Source: Owner Projection
  • Janitor Expense: 2100
  • Total Monthly Income: 9163
  • Net Operating Income: $68,253.00
  • Operating Expense: $41,712.00
  • Other Expense: $.00
  • Trash Expense: $2,138.00
  • Water Sewer Expense: $8,418.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 6
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 7830 South Essex Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7830 South Essex Avenue

Taxable ValueLand$9,300Additions$15,044Total$24,344
Tax Record2022$5,007 ($417 / month)
Home Facts
Baths6Total Finished SqFt10,746 SqFtAbove Grade Finished SqFt10,746 SqFtStories3Lot Size7,440 SqFtStyleMulti-Family Res (5+ Units)Year Built1931CountyCOOKAPN21-30-326-016

Schools near 7830 South Essex Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Excel Academy - Woodlawn HS
Public9 to 12

CAMELOT SAFE ACADEMY SCHOOL
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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7830 South Essex Avenue is a multi-family home for sale in Chicago, IL 60649. This property was listed for sale on October 30, 2024 by Real Estate Growth Partners, it's currently listed at $475,000. It has been on the market for a total of 16 days and was last sold on March 6, 2023. This listing's school district is Chicago Public Schools. Nearby schools include Bradwell Community Arts & Sci Elementary School, Chicago Vocational Career Academy High School and Excel Academy - Woodlawn HS. 7830 South Essex Avenue is a 20-bed, 13-bath, multi-family home built in 1931.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Estate Growth Partners

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/13/2024 09:24 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.