8616 S Escanaba Avenue
Chicago, Illinois 60617

Closed / MLS #11939172 / Multiple Unit (2-4) / South Chicago
Listing information updated 2/11/2024 at 6:03am
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!

Listing Office: MPower Residential Brokerage LLC

Listing Office Phone: 312.498.8473

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 2/11/2024 at 6:03am. 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. Some listings have been excluded from this website.


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8616 S Escanaba Avenue, Chicago, IL 60617 is a multiple unit (2-4) which sold for $385,000. 8616 S Escanaba Avenue features 6 Beds, 4 Baths. This multiple unit (2-4) has been listed on @properties Christie's International Real Estate since November 30th, 2023 and was built in 1908. Nearby schools include Mireles Elementary School Academ and Bowen High School. The nearest transit stops include 87th St Metra Metra Metra Electric South Chicago Branch line.