Introducing 7847 S Essex Ave, a 28-unit multifamily investment $499,000

Lot For Sale near Lake Michigan - Cook County

Introducing 7847 S Essex Ave, a 28-unit multifamily investment opportunity located in Chicago's South Shore neighborhood. This well-positioned building offers investors the chance to acquire a sizable asset with strong income potential in a high-demand rental market minutes from Lake Michigan. The property is currently vacant and presents a significant opportunity for value add. 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 portfolio. The building is conveniently located with close proximity to public transportation, Obama Library, Museum of Science & Industry, Lake Shore Drive, local shops, the historic South Shore Cultural Center, and a $9 billion Quantum Computing Campus development! Don't miss out on your opportunity to impact be a part of the This is a rare opportunity to own and make a community impact by renovating a large multi-family property in one of Chicago's established and evolving neighborhoods. Schedule your private tour today!