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Listed price in listed location currency (USD).
$385,000
$375,000

640

MLS® 11939172

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $1,851
Lot Size 0.07 acres
Approx. Age 1908
MLS® Number 11939172

Property Address: 8616 S Escanaba Ave, CHICAGO, IL, 60617-3269

Average square foot calculated using Size range provided by listing agent.

Description

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!
MLS® Number11939172
Laundry Level
Central VacNo
FireplaceNo
Acreage0.07
Exterior
GarageNo
Approx. Age1908
BasementFull
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Jan 16, 2024End Date
$385,000Sold Price

Sold

Dec 1, 2023List Date
$375,000List Price

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