8559 S Escanaba Ave

Chicago IL 60617

Multi-Family

Currently for sale - view listing

Overview

This legal-brick four-unit building in South Shore offers a clear path for growth and long-term value. The property includes two large three-bedroom units and two two-bedroom units, providing a versatile layout for future tenants, with additional upside in finishing the attic and basement into units. Market rents in the area run $1,700-$1,900/month for 3-beds and $1,250-$1,600/month for 2-beds. CHA voucher rates are $1,630 for 3-beds and $1,270 for 2-beds. South Shore has real momentum. The Obama Presidential Center, 3 miles away, opens in June 2026 and is already pulling attention and investment into the corridor. The proposed Bears stadium and entertainment district is 6.5 miles out, another longer-term tailwind for the South Side. Fantastic bones, great unit mix, and a neighborhood that's moving. This is a home run for the right buyer.

Features

10 bedrooms

4 bathrooms

2 carspaces

Multi-Family

Property history for 8559 S Escanaba Ave

2022

Sold

Undisclosed

12 Oct 2022

2021

Sold

$264,000

15 Sep 2021 by Daryl Hopkins, of Hometown Real Estate

2019

Sold

$115,000

23 Apr 2019 by Michael Drommerhausen, of BHHS Chicago

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Local market activity for 10 bedroom multi families in Chicago

In the last 12 months, 3 numeral.10-bedroom multi families similar to 8559 S Escanaba Ave, have been sold.

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Dan Nelson

at Compass

View listing

Sales:: (619) 566-0008

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