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$350,000
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8956 S Escanaba Avenue

Chicago, Illinois 60617
Closed / MLS #10121287 / Multiple Family / South Chicago
Listing information updated 8/3/2023 at 1:28pm
$55k PRICE REDUCTION. Offered at a 13.69% CAP rate. The asset presents an opportunity for an investor who is looking for a stabilized asset consisting of (6) 2 Bedrooms 1 Bath & (5) 1 Bedroom 1 Bath. This mid-1960's building comes fully rehabbed within the last year. There is upside potential with increasing rents and additional untapped income available through parking and adding washer and dryers. Each unit has separate electric. The exterior was tuckpointed and lentils were replaced approximately two years ago. The roof was silver coated within the last year. The property is fully equipped with an HD security system. The building is walking distance to the South Shore train line and the stop is 87th. This property and 2748 E. 83rd St. can be purchased as a package deal; both in South Chicago. An investor could own a total of 19 units within a five minute drive of each building.

Full Features

Exterior Type:
Brick
Water Front:
No
Square Feet:
N/A
Built:
1964
Parking Spaces:
12
Cooling System:
Wall Sleeve,Window Unit(s)
Stories:
3
Current Use:
Multi-Family
Zoning:
MULTI
Current Net Income:
$61,634
Unit 1:
4 room(s) / 2 bed(s) / 1 bath(s)
Unit 2:
3 room(s) / 1 bed(s) / 1 bath(s)

Taxes & Assessments

Tax Amount:
$11,438
Tax Year:
2016

Location

Zip Code:
60617
City:
Chicago
County:
Cook

Listing Office: Triton Realty Group LLC

Listing Office Phone: 312.788.9379

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 8/3/2023 at 1:28pm. 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.

Metra

Metra
Metra Electric South Chicago Branch line at 87th St Metra
$174,823
Average Sale Price
121
Average Days On The Market
93%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 8956 S Escanaba Avenue, Chicago, IL 60617

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8956 S Escanaba Avenue is a multiple family which sold for $350,000. This multiple family has been listed on @properties since October 25th, 2018 and was built in 1964. The nearest transit stops include 87th St Metra Metra Metra Electric South Chicago Branch line.

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