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Property Description

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.

Features & Information

Key Details

List Price $499,000
Property Taxes $40,134
Price/ Sq. Ft. Unavailable
Year Built 1926
Status Active

Building Information

Age of Building Older
Exterior Construction Brick
Foundation Concrete
Heating & Cooling Radiators

Location

County Cook
Directions to Property Northwest Corner Of S Essex And 79th

Property Taxes
Tax 40134
Parcel Identification Number 21303270200000

Listed by: Keller Williams ONEChicago | Phone: 312.216.2422
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 6/6/2026 9:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore South Shore

Historic parks and extensive beaches meet down-to-earth, affordable living in this beautiful south side Chicago neighborhood. South Shore is a sprawling community that encompasses expansive public recreation space and ambitious civic organizations. The neighborhood cultural center acts as a hub for outdoor amusement with lengthy walking trails, a bird sanctuary, all-ages sports programs, and waterfront grounds that offer breathtaking views of downtown Chicago. When night falls in the summer, movies and live music take place at the center, bringing neighbors and families together. A healthy retail corridor along 71st Street gives the area a cosmopolitan touch and the selection of down-home cooking available at the restaurants in South Shore is enough to satisfy any comfort food craving.

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