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6-Unit Apartment Building with Detached Garage
For Sale
$495,000

7935 S Essex Avenue, Chicago, IL 60617

MULTI_FAMILY - Chicago, IL

Property SizeContact for details
Lot Size0.84 Acres
Days on Market279

Property Features for 7935 S Essex Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 2, Bathroom 1, Bedroom 1
Directions N Lake Shore Dr to S Yates Blvd. Continue on S Yates Blvd. Drive to S Essex Ave.
Subdivision CHI - South Chicago
Standard status Active
APN 21311020080000
Lot size 0.84 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 6283

Building Details

Year built 1922
Floors in Building 3
Number of units 6
Listing Agency: Manage Chicago, Inc.
Listed By: Damaris Santiago · License #475207620
Added: Oct 29, 2025 Changed: Aug 2 Last Checked: Aug 3 at 11:06AM
MLS# 12506904

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.

Investment Insights

Based on property information with market context.

This 6-unit apartment building is fully occupied and features a detached 6-car garage. The property is described as a solid structure with updated HVAC and roof improvements completed in 2020, along with plumbing brought up to code. Built in 1922, the building is positioned for an owner who wants a multi-family asset with existing rental occupancy and on-site parking in place.

The property is located at 7935 S Essex Avenue in Chicago, IL 60617 (Cook County). The site is listed at 0.84 acres, providing room for the detached garage arrangement that supports the on-site parking needs.

With 6 residential units and 6 garage spaces, the current configuration offers a straightforward operational profile centered on maintaining the building and systems upgrades that have already been addressed.

Key Highlights

  • Fully occupied 6‑unit apartment building
  • Detached 6‑car garage on site
  • HVAC and roof updated in 2020

Property Analytics

Current Use

Chicago Migration Station Hostel

Suggested Use

Top Pick Law Firm Dental Office Building Supply Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

962
Businesses Nearby

Demographics for 60617, IL

77,270
Population
35,031
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
82%
High-School Grad
13.7 sq mi
ZIP Area
5,640
Density / Sq Mi
$51,237
Median Household Income
$36,926
Median Earnings
$1,010
Median Rent
$168,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied 6-unit building with six detached garages and HVAC and roof updates in 2020.
Where is this apartment building located?
The property is located at 7935 S Essex Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Fully occupied 6‑unit apartment building; Detached 6‑car garage on site; HVAC and roof updated in 2020
More about this property
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