7924 S Essex Ave Chicago, IL 60617
South Chicago NeighborhoodEstimated payment $1,964/month
Total Views
6,634
10
Beds
7
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,344
Year Built
- Built in 1929
Lot Details
- Lot Dimensions are 30x125
Parking
- 3 Car Garage
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Potential Bedrooms
- 7 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 4 Units
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | Pending | -- | -- | -- |
| 05/21/2025 05/21/25 | For Sale | $259,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12372063
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