This property, meticulously maintained for over 25 years by an on-site owner, features a solid brick walk-up with six 2-bedroom/1-bathroom apartments. Conveniently located a short distance from public transportation, including Metra, and surrounded by numerous grocery stores and shops, this multifamily opportunity offers immediate value-add potential from the moment of acquisition. Additionally, the property boasts a 5-car brick garage.
****THIS BUILDING IS PART OF AN REO PORTFOLIO SALE AND INCLUDES 5 BUILDINGS (118 TOTAL UNITS): (1) 8100-8110 S Paulina St, Chicago IL 60620, (2) 8200 S Paulina St, Chicago IL 60620, (3) 8102 S Maryland Ave, Chicago IL 60619, (4) 7157 S Yale Ave, Chicago IL 60621, (5) 7849 S Escanaba Ave, Chicago IL 60617.******/// 7849 S Escanaba Ave is a 24-unit building in Chicago's South-Lakefront South Shore neighborhood. Property is also located in TIF district. This property has a unit mix of six (6) storefronts, twelve (12) one bed/one bath units, three (3) two bed/one bath units, and nine (9) 3 bed/1 bath units. This beautiful masonry building will require moderate renovation. Built in 1930 and boasting 27,000 sq ft of space, 7849 S Escanaba Ave offers a unique opportunity to contribute to the continued enrichment of the South Shore neighborhood.
22000 sq/ft office building for sale with the Cook County Land Bank, needs full renovation, buyers must register online to purchase this property directly with the Land Bank.
This retail space, previously used as a church, could be a great location for your next business. The large open space provides ample room for you to create and design the look you desire. Additionally, there is one extra room that can be used as an office, a nice-sized bathroom with space to add a shower and a kitchen. The basement is suitable for storage, and there is room for owner parking in the rear building, which can accommodate two or more cars. Don't wait too long, as there is a lot of redevelopment happening in this South Shore community!
7800 S. Coles is a beautiful eleven (11) California-style building located in Chicago's historic South Shore Neighborhood. Right off of Lake Michigan and Rainbow Beach Park, the building sits within walking distance of an abundance of public transportation options. Additionally, for quick and convenient transportation, the asset is nearby to Chicago's Lake Shore Drive which provides tenants easy access to Chicago's downtown in roughly fifteen minutes. 7800 S. Coles is comprised of five (5) 1b/1ba and six (6) 2bd/1ba. The units all feature hardwood flooring throughout and updated LVP flooring where necessary. Furthermore, additional improvements to the building consist of but are not limited to, in-unit HVAC, all copper plumbing, an updated roof, laundry access for tenants, and a paved parking lot in the rear. 7800 S. Coles presents an investor with a unique opportunity to acquire a strong, positive cash-flowing building with an in-place cap rate of over 8.2%. Given the quality of the units coupled with the prime location, by releasing and increasing rents to levels already being achieved in the building, an investor could further improve cash returns.
Looking to move your business or add another location? This is the ideal location for your Retail, Office, or Restaurant business. Located on a busy street with many other Retail businesses. Priced to Move. Property needs complete rehab. Vacant & Easy to show. Short notice OK. Immediate possession at closing. Property being sold AS-IS, 100% Tax prorations, No survey provided - Special Warranty Deed conveyance. Please do your own due diligence prior to offer submission. Proof of funds required with all offers. If interested, please visit Cook County Land Bank website and submit an Initial Offer Application. Please be sure to check the Cook County Land Banks website for offer application deadlines.
Developers Welcome! Complete Redevelopment Opportunity in the 71st & Stony Island TIF Zone & City of Chicago Recommended Opportunity Zone. 7500 SF Lot with 6600 SF Building Improvement centrally located in the high traffic, high density South Shore community. Zoned C1-3 perfect for commercial use: office, medical, storefront, daycare. Stong retail corridor: include a high-quality grocer, Subway, Walgreens and T-Mobile.
The site is located in Chicago's South Shore Community on the northeast corner of 75th St and Jeffery Blvd., a four way traffic light intersection. The area is densely populated and the site is in a vibrant mixed use business district area. The new South Shore College Prep High School is on the southeast corner of the same intersection. The major shopping district with some big box is located less than a half mile north on Jeffery Blvd.
Looking to move your business or add another location? This is the ideal location for your Retail, Office, or Restaurant business. Located on a busy street with many other Retail businesses. Priced to Move. Property needs complete rehab. Vacant & Easy to show. Short notice OK. Immediate possession at closing. Property being sold AS-IS, 100% Tax prorations, No survey provided - Special Warranty Deed conveyance. Please do your own due diligence prior to offer submission. Proof of funds required with all offers. If interested, please visit Cook County Land Bank website and submit an Initial Offer Application. OFFERS DUE BY JANUARY 19TH, 2022 AT 5:00 PM, AWARD DATE JANUARY 26TH, 2022 BY 5:00 PM.
The median home value in Chicago, IL is $223,000. This is higher than the county median home value of $214,400. The national median home value is $219,700. The average price of homes sold in Chicago, IL is $223,000. Approximately 38.87% of Chicago homes are owned, compared to 48.34% rented, while 12.79% are vacant. Chicago real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Chicago real estate agent to arrange a tour today!
Chicago, Illinois 60649 has a population of 2,722,586. Chicago 60649 is less family-centric than the surrounding county with 25.68% of the households containing married families with children. The county average for households married with children is 30.49%.
The median household income in Chicago, Illinois 60649 is $52,497. The median household income for the surrounding county is $59,426 compared to the national median of $57,652. The median age of people living in Chicago 60649 is 34.1 years.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 19.5 degrees. The average rainfall is approximately 38.2 inches per year, with 37.1 inches of snow per year.