PENDING
$76K PRICE DROP
8559 S Escanaba Ave Chicago, IL 60617
South Chicago NeighborhoodEstimated payment $1,821/month
Total Views
5,030
10
Beds
4
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
ABSOLUTE STEAL for the right investor! FHA 203k, Rehab loans, hard money or cash only! Great investment opportunity for First-Time Buyers & Savvy Investors! Here's your chance to own a 4-unit property that can provide you with a positive CASH FLOW! This property has potential to profit over 100k in equity after some TLC. Layout = (2) 2 Bedrooms + (2) 3 Bedrooms --- One with 12 Ft Ceilings. Unfinished basement with endless possibility for a Common Laundry Area or additional Storage. Off Street Parking w/ a 2 car parking pad in the rear. Total Rental Income of approx. 5,000+/month + 60,000+/Year. The property is located 5 minutes walking distance from the newly built South Chicago Dispensary, the Metra train, 10 minutes walking distance from Rainbow beach, located near schools, retail shopping and local markets. Just a few blocks away from major economic developments unfolding in the area. Perfect opportunity to invest in a thriving market. Research: THE PSI QUANTUM CAMPUS PROJECT SET TO BE LOCATED AT THE FORMER USX SITE CHICAGO'S SOUTH SIDE. THE INVERTCHICAGO.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,955
Year Built
- Built in 1913 | Remodeled in 2019
Parking
- 2 Parking Spaces
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Potential Bedrooms
- 4 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 25x125
Community Details
- 4 Units
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/23/2025 06/23/25 | Pending | -- | -- | -- |
| 06/18/2025 06/18/25 | Price Changed | $289,000 | 0.0% | -- |
| 06/18/2025 06/18/25 | For Sale | $289,000 | -3.3% | -- |
| 05/29/2025 05/29/25 | Pending | -- | -- | -- |
| 05/22/2025 05/22/25 | Price Changed | $299,000 | 0.0% | -- |
| 05/22/2025 05/22/25 | For Sale | $299,000 | -8.0% | -- |
| 05/20/2025 05/20/25 | Pending | -- | -- | -- |
| 04/13/2025 04/13/25 | Price Changed | $325,000 | -11.0% | -- |
| 04/03/2025 04/03/25 | For Sale | $365,000 | 0.0% | -- |
| 03/14/2025 03/14/25 | Pending | -- | -- | -- |
| 03/05/2025 03/05/25 | For Sale | $365,000 | +38.3% | -- |
| 09/15/2021 09/15/21 | Sold | $264,000 | +5.6% | -- |
| 06/25/2021 06/25/21 | Pending | -- | -- | -- |
| 05/25/2021 05/25/21 | For Sale | $250,000 | 0.0% | -- |
| 02/28/2021 02/28/21 | Pending | -- | -- | -- |
| 02/03/2021 02/03/21 | For Sale | $250,000 | 0.0% | -- |
| 02/03/2021 02/03/21 | Price Changed | $250,000 | +13.6% | -- |
| 11/25/2020 11/25/20 | Pending | -- | -- | -- |
| 11/05/2020 11/05/20 | For Sale | $220,000 | 0.0% | -- |
| 11/05/2020 11/05/20 | Price Changed | $220,000 | +4.8% | -- |
| 09/10/2020 09/10/20 | Pending | -- | -- | -- |
| 09/02/2020 09/02/20 | For Sale | $210,000 | +82.6% | -- |
| 04/23/2019 04/23/19 | Sold | $115,000 | -4.1% | -- |
| 03/27/2019 03/27/19 | Pending | -- | -- | -- |
| 03/20/2019 03/20/19 | For Sale | $119,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12303839
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