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$480,000
11 Beds 4 Baths 12371085 MLS CLOSED Status
Beautiful Brick 4 Unit with Recent May/June 2025 Updates that give you a turn key ready building with units with great layouts and updates. The units have Large Living and Dining Rooms, Fireplaces and Large Pantry's W/ Laundry Hookups. Each Unit now has it's own furnace. There are 11 bedrooms total and 4 baths. 3 are 3 bed units and one is a 2 bed. Out of the 4 units currently 2 are professionally term-leased apartments ( 2 of 4 units vacated so buyer can owner occupy/take over ). We just updated building again this June 2025 to get ready for market: we prepped with Furnaces, Additional Electrical Updates, Plumbing Updates & Fixtures, Large Roof Improvement (ReCoated Roof), Replaced Many windows, and Fully Repaint/Redo of 2 Units. Back deck was just beefed up, and we Resodded back yard. By owning this lot we have good news: in June we started application to buy lot next door from city and you can take it over and work on buying lot next door. Location also across from Grammar School and national landmark, and another Charter School w playground on other corner. There are Cta 6 bus routes, and 2 Metra stations(south shore) are walkable. The Lakefront is short walk and 2 Parks entice you on the way (2 blocks east is New Park and further on Lake side is Steelmakers park w fishing canal). Driving: 90/94 2 minutes and Walmart/Indiana border/Casino is minutes away. All transportation options for renters are satisfied due to this, as well as, a short walk to grocery and Dunkin/Eating on 91st. The Quantum center is going nearby on Lake in 26 so we hope you buy and hold and realize appreciation for the patient investor. BIG ADD ON: In June we requested and received support to buy LOT NEXT DOOR (9039 to south) so buyer could take on this application/qualified by this owner from city in the October/Fall via Adjacent Lot Program if handled quickly after sale. Owning this building likely favors you for the land and a discount on it. Tenants in good standing. Can show 2 units easily and others with video and entry after offer . Eviction on top floor unit is pending-judgement received in late May, Tenant will be out prior to closing.

9035 S Burley Avenue, Chicago

$256,000
10 Beds 7 Baths 12372063 MLS CLOSED Status
Rehab Project!!! Exciting changes are happening in South Shore, and this 4-unit building at 7924 S. Essex puts you right in the heart of it! This property offers an excellent opportunity to take on a rehab project and build significant equity. With major economic development underway, now is the time to secure your spot in one of Chicago's most promising neighborhoods. Just a short distance away, the upcoming mixed-use entertainment center at 7052 S. Jeffrey will bring a Creole restaurant, dine-in cinema, bowling alley, and event space-turning the area into a hotspot for dining and entertainment. South Shore is on the rise, with major investments reshaping the community. The Thrive Exchange project, a multi-million dollar mixed-use development at 7901 S. Exchange, will bring 43 affordable workforce housing units, retail spaces, and offices for Neighborhood Housing Services. Designed with community growth in mind, it will also feature a retail plaza, tenant amenities, and pedestrian-friendly spaces that enhance connectivity. This transformative project, backed by both public and private funding, is a game-changer for the area, providing new opportunities for businesses and residents alike. Additionally, the Obama Presidential Library is set to attract businesses, restaurants, and cultural destinations, adding long-term value. Improved infrastructure, better public transit, and planned green spaces are only adding to the area's appeal. With growing accessibility, easy transit access, and proximity to all these exciting changes, this property provides the perfect opportunity for someone to renovate the building and take advantage of the high ARV (After Repair Value). Whether you're looking to live in the building or invest in the area's booming market, this rehab project is the chance you don't want to miss to build equity and be part of South Shore's transformation!

7924 S Essex Avenue, Chicago

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South Chicago, Chicago IL · Curated MLS Search

STR Income Homes in South Chicago, Chicago IL

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