Chicago, IL 60617,7947 S Escanaba AVE

$387,000

$399,900

3.2%
Est.Price: ?

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Est. payment /mo

9 Beds

3 Baths


SOLD DATE : 05/06/2022

Key Details

Sold Price $387,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11280641

Sold Date 05/06/22

Bedrooms 9

Year Built 2006

Annual Tax Amount $2,245

Tax Year 2020

Lot Dimensions 25X125

Property Sub-Type Two to Four Units

Property Description

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!!!

Location

State IL

County Cook

Area Chi - South Chicago

Zoning MULTI

Rooms

Basement Full

Interior

Heating Natural Gas, Forced Air

Equipment Intercom, CO Detectors, Ceiling Fan(s)

Fireplace N

Exterior

Exterior Feature Balcony, Patio, Porch

Community Features Lake, Sidewalks, Street Lights, Street Paved

Roof Type Flat

Building

Sewer Public Sewer

Water Lake Michigan, Public

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by Curtis Brady • CCB Realty Group, LLC
Bought with Davidson Zigah • Greensafe Real Estate & Consult
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1941 N Elston Ave, Chicago, IL, 60642, USA

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