NOT LISTED FOR SALE

7947 S Escanaba Ave Chicago, IL 60617

South Chicago Neighborhood
9 Beds
3 Baths
3,627 Sq Ft
2006 Built

Last Sold May 06, 2022

Last sale price $387,000 $107 Per Sq Ft

87 Days on Market

Highlights

  • Community Lake
  • 4-minute walk to Cheltenham Station
  • Intercom
  • Balcony
  • Porch
  • Patio

About This Home

As of May 2022

PERFECT WAY TO START THE YEAR, INSTANT RENTAL INCOME!!!***Attention...Investors Looking For Instant ROI...Look No Further!!!If You Want To Score - Airbnb (average $300-$500 per night for area) It!!! There's Unbelievable Income Potential!!!Also, YOU Can LIVE IN IT FOR FREE WHILE TENANTS TAKE CARE OF EXPENSES in remaining units -1ST & 2ND FLOOR UNITS ARE VACANT! You Decide Which Option Works Best for You. It's Turn key Ready To Meet Your Goals!!! This Like New (less then 20 yrs old)-Partially Leased Southshore Building Has Finishes That Don't Disappoint & It's a couple of minutes from the beach - Lake Michigan!!! You won't have to worry about common things (plumbing, electrical, roof-replaced in 2021***, etc.) that wear out with those so called "totally rehabbed" - 100 year old buildings. This GIGANTIC - BRICK 3 UNIT Building has 3 BEDROOMS in each unit, 1 BATH AND - An IN UNIT LAUNDRY HOOK UP for occupant's convenience. All Kitchens have STAINLESS STEEL APPLIANCES (REFRIGERATOR, OVEN/RANGE STOVE AND MICROWAVE). These luxury units also have individually controlled Central Air (HVAC systems). There's a combination of Hardwood & ceramic flooring, with some bedrooms that have carpeting for those that prefer. The Third FLOOR unit has INCREDIBLE SPACE WITH CATHREDAL CEILINGS, with a PRIVATE ENTRANCE from the main hallway that gives a duplex/penthouse feel. All units have individual Rear Deck Areas perfect for responsible entertaining considering the back porch system is STEEL. This is a GREAT INVESTMENT FOR RENTAL INCOME (market could yield more then currently receiving based on current rents), Airbnb OR A CONDO CONVERSION! LOW TAXES! ***IN THIS LOW INVENTORY, HIGH DEMAND MARKET THIS WON'T LAST. HURRY FOR YOUR CHANCE TO OWN THIS, Schedule your showing NOW!!!

Last Agent to Sell the Property

Curtis Brady

CCB Realty Group, LLC License #471018880 Listed on: 12/03/2021

Last Buyer's Agent

Davidson Zigah

Greensafe Real Estate & Consult License #471019559

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,246

Year Built

  • Built in 2006

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 3 Bathrooms

Home Security

  • Intercom
  • Carbon Monoxide Detectors

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price

Outdoor Features

  • Balcony
  • Patio
  • Porch

Lot Details

  • Lot Dimensions are 25x125
  • Paved or Partially Paved Lot

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 3 Units
  • Community Lake

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,246

Year Built

Built in 2006

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2006
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 9
  • Other Equipment: Intercom, CO Detectors, Ceiling Fan(s)
  • Basement Description: Other
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Laundry Hook-Up,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Laundry Hook-Up,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Laundry Hook-Up,Cathedral Ceilings,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Balcony, Patio, Porch
  • Foundation Details: Concrete Perimeter
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 3
  • Number of Cars: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Lake, Sidewalks, Street Lights, Street Paved

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 2245.85
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/06/2022 05/06/22 Sold $387,000 -3.2% $107 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
12/03/2021 12/03/21 For Sale $399,900 +32.4% $110 / Sq Ft
01/22/2019 01/22/19 Sold $302,000 +2.4% $83 / Sq Ft View Prior Sale
12/04/2018 12/04/18 Pending -- -- --
12/02/2018 12/02/18 Price Changed $295,000 +1.7% $81 / Sq Ft
11/26/2018 11/26/18 Price Changed $290,000 -1.7% $80 / Sq Ft
11/04/2018 11/04/18 For Sale $295,000 0.0% $81 / Sq Ft
10/31/2018 10/31/18 Pending -- -- --
09/27/2018 09/27/18 For Sale $295,000 -- $81 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,486 $33,400 $2,330 $31,070
2024 $5,486 $33,400 $2,330 $31,070
2023 $5,348 $26,000 $3,107 $22,893
2022 $5,348 $26,000 $3,107 $22,893
2021 $5,228 $26,000 $3,107 $22,893
2020 $3,939 $17,681 $3,107 $14,574
2019 $4,083 $20,324 $3,107 $17,217
2018 $954 $4,828 $3,107 $1,721
2017 $1,058 $4,916 $2,796 $2,120
Source: Public Records

Agents Affiliated with this Home

  • Curtis Brady

    Seller's Agent in 2022

    Curtis Brady

    CCB Realty Group, LLC

    (773) 457-9887

    1 in this area

    17 Total Sales

    Curtis Brady
    Section Image
  • Davidson Zigah

    Buyer's Agent in 2022

    Davidson Zigah

    Greensafe Real Estate & Consult

    (773) 403-5073

    2 in this area

    41 Total Sales

    Davidson Zigah
    Section Image

  • T

    Seller's Agent in 2019

    Thuy Nguyen

    2E Real Estate LLC

    (847) 652-6135

    4 Total Sales

    Thuy Nguyen
    Section Image

  • W

    Buyer's Agent in 2019

    Wilma Sargent

    Signature Realty Services.

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11280641

Midwest Real Estate Data (MRED)

APN: 21-31-202-017

Illinois Cook County Chicago 60617 South Chicago

7947 S Escanaba Ave, Chicago, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. 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 IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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