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7847 S Essex Avenue
Chicago IL 60649 US

$499,000

Active Listing ID 12592139
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Lot: 0.24 Acres
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Other

$499,000

Active Listing ID 12592139
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7847 S Essex Avenue Seller financing available! Introducing 7847 S Essex Ave, a 28-unit mixed-used investment opportunity located in Chicago's South Shore neighborhood. This well-positioned corner building offers investors the chance to acquire a sizable asset with strong income potential for both residential and commercial use just minutes from Lake Michigan. The property has 1 commercial tenant and the rest of the building is completely vacant. 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 apartment portfolio. This investment is one that presents a significant opportunity for value add. Conveniently located with close proximity to public transportation, Obama Library, Museum of Science & Industry, Lake Shore Drive, the historic South Shore Cultural Center, a $9 billion dollar Quantum Computing Campus, and much more! Don't miss out on your opportunity to have a positive impact on the community by renovating this large multi-family property in one of Chicago's evolving Southside neighborhoods. Schedule your private tour today! Some exterior photos are virtually staged.

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Property Features

  • Facts
  • Lot Size: 0.24 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 499000
  • unparsedaddress: 7847 S Essex Avenue
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60649
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.2353
  • lotsizeunits: Acres
  • lotsizearea: 0.2353
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.752026
  • longitude: -87.56354
  • listagentfullname: Rashauna Scott
  • listagentemail: rashaunascott@kw.com
  • listagentkey: 3yd-MREDIL-888506
  • listagentmlsid: 888506
  • listagentpreferredphone: (312) 216-2422
  • listagentofficephone: 7738856263
  • listofficekey: 3yd-MREDIL-87738
  • listofficemlsid: 87738
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1926
  • listingcontractdate: 2026-03-20
  • listagenturl: http://kwonechicago.com/
  • countyorparish: Cook
  • parcelnumber: 21303270200000
  • constructionmaterials: Brick
  • numberofunitstotal: 28
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.56354, 41.752026
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Chicago ONEChicago", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"rashaunascott@kw.com", "ListBrokerageCity":"Chicago", "ListBrokerageCountry":"US", "ListBrokerageEmail":"ONEChicago@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MREDIL/a3ae8911ddc111e6af690242ac110009/20201209204507927.png", "ListBrokerageName":"Keller Williams Chicago ONEChicago", "ListBrokeragePhone":"(312) 216-2422", "ListBrokeragePostalCode":"60614", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":"Ste. 104", "ListBrokerageUnparsedAddress":"2211 N. Elston Ave", "ListBrokerageWebsiteUrl":"http://kwonechicago.com/", "ListOfficeAddress1":"2211 N Elston Ave STE 400 ", "ListOfficeAddress2":"Ste. 104", "ListOfficeBrokerMlsId":"87738", "ListOfficeCity":"Chicago", "ListOfficeCountry":"USA", "ListOfficeEmail":"ONEChicago@kw.com", "ListOfficePostalCode":"60614", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Chicago, IL", "ListingURL":null, "MLSModificationTimestamp":"2026-03-26 05:07:16", "Neighborhoods":[{"Description":null, "Name":"CHI - South Shore"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":40134, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/26/2026 5:16:55 AM GMT
Source Updated Date: 3/31/2026 7:05:29 PM GMT

Courtesy of: Rashauna Scott, Keller Williams ONEChicago, rashaunascott@kw.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.