7722 S Essex Avenue
Chicago, IL 60649

Status: Sold
Multi Family
9 beds
0 baths
0 sq.ft
Listing Price: $440,000
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About this home

Owner is doing a 1031 tax exchange to acquire a larger property. The property is phenomenal with great tenants and low expenses. Both tenants are long term tenants. With simple updating similar apartments in the area are renting for $1, 450 a month on the low end. 3 Large 3 Bedroom 1 Bath apartments at nearly 1, 100 sq. ft each. Coin operated laundry in the building. House Hacking this property will be a breeze. This property helped elevate the past two owners to larger properties, because it is such a solid building and you could be next!

Property details

Property / Lot Details
Acreage 0.08
Lot Dimensions 30X125
Lot Size Source County Records
Lot Size Less Than .25 Acre
Ownership Fee Simple
Style of House Brownstone
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 91-100 Years
3 Bedroom Unit in Building Yes
Approx Year Built 1925
Parking Total 3
Exterior Building Type Brick
Exterior Property Features Balcony
Foundation Brick/Mortar, Concrete Perimeter
Parking Features Off Alley
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Rehab Year 2003
Roof Type Tar and Gravel
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Water Rights, Curbs, Gated, Sidewalks, Street Lights, Street Paved
Area Major CHI - South Shore
Zoning Type MULTI
Corporate Limits Chicago
Directions From 79th Street go East to to Essex Ave then North to address.
Equipment Intercom
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Unfinished, Exterior Access
Basement Full
Bedrooms Count 9
Bedrooms Possible 9
Baths Count 3
Full Baths in Building Count 3
Total Rooms 22
Units
unit 1
Beds Total 3
Baths Total 1
Actual Rent 1100
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 1092
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1000
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 06/25
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 1092
unit 3
Beds Total 3
Baths Total 1
Actual Rent 1450
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date VAC
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 3
Square Feet 1092

Financials

Financing FHA
Other Expenses 2 11019
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 21303190210000
Special Assessments N
Taxes $3,600
Tax Exemptions None
Tax Year 2023
$440,000 Listing Price:
MLS # 12131803
Investment Profile Residential Income
Listing Market Time 38 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking Space/s
List Date 08/06/2024
Year Built 1925
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