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7722 S Essex Avenue
$440,000

7722 S Essex Avenue

9 Beds 3 Baths

Description

Owner is doing a 1031 tax exchange to acquire a larger property. The property is phenomenal with great tenants and low expenses. Both tenants are long term tenants. With simple updating similar apartments in the area are renting for $1,450 a month on the low end. 3 Large 3 Bedroom 1 Bath apartments at nearly 1,100 sq. ft each. Coin operated laundry in the building. House Hacking this property will be a breeze. This property helped elevate the past two owners to larger properties, because it is such a solid building and you could be next!

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Location

7722 S Essex Avenue, Chicago, IL 60649

Status

Sold
Phillip Dixon

Phillip Dixon

TITLE

Licensed Real Estate Broker

Kasey Taylor

Kasey Taylor

TITLE

Licensed Real Estate Broker

Property Amenities

Interior
Total Bedrooms: 9
Area & Lot
Lot Area 3,484.8 Sq.Ft.
MLS® ID 12131803
Year Built 1925
School District 299
Architecture Styles Brownstone
Type Multi-Family
Status Sold
Exterior
Heat type Natural Gas, Forced Air
Water Source Lake Michigan, Public
Sewer Public Sewer
Other Exterior Features Balcony
Parking Off Alley
Roof Tar and Gravel
Finance
Sales Price $440,000
Real Estate Tax $3,600 yearly

South Shore

41.7663° N, 87.5665° W

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Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact Taylor Dixon Group today to start your home searching journey!