7847 S ESSEX AVE Chicago IL 60649-5113

Seller financing available! Introducing 7847 S Essex Ave, a 28-unit mixed-used investment opportunity located in Chicago's South Shore neighborhood.​ This well-positioned corner building offers investors the chance to acquire a sizable asset with strong income potential for both residential and commercial use just minutes from Lake Michigan.​ The property has 1 commercial tenant and the rest of the building is completely vacant.​ Unit mix is 6 commercial, 14 one bedrooms, 8 studios.​ Extensive renovation is needed, this project is best for someone who has re-development experience.​ With consistent rental demand in the area, this asset presents an excellent opportunity for both seasoned investors and those looking to begin or expand their apartment portfolio.​ This investment is one that presents a significant opportunity for value add.​ Conveniently located with close proximity to public transportation, Obama Library, Museum of Science & Industry, Lake Shore Drive, the historic South Shore Cultural Center, a $9 billion dollar Quantum Computing Campus, and much more! Don't miss out on your opportunity to have a positive impact on the community by renovating this large multi-family property in one of Chicago's evolving Southside neighborhoods.​ Schedule your private tour today! Some exterior photos are virtually staged.​