Seven-Unit Walk-Up Apartment
For Sale
Contact for pricing
7828-30 S Essex Ave, Chicago, IL 60649
Spacious three-bedroom units feature hardwood floors, separate living and dining rooms, porches, and abundant natural light.
Property SizeContact for details
Days on Market144
Property Features for 7828-30 S Essex Ave
General Information
Standard status
Active
Total Parking Spaces
5
Property subtype
Multifamily
Units
Unit Mix
6 x 3b/2ba, 1 x 3b/1ba
Multifamily Units
7
Additional Details
Public Transit
Yes
Building Details
Buildings
1
Listing Agency:
Kiser Group
(773) 293-5032
Listed By:
Aaron Sklar · License #IL 475161507
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 9:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kiser Group
Investment Insights
Based on property information with market context.
This seven-unit walk-up apartment building includes six three-bedroom, two-bath apartments and one three-bedroom, one-bath garden apartment. Each residence offers more than 1,500 square feet of living space, with hardwood flooring, distinct living and dining areas, porches, and strong natural light. The rear of the property provides five enclosed garage spaces.
The building is positioned on a quiet, one-way, tree-lined street in Chicago’s South Shore neighborhood, a short distance from Lake Michigan and Rainbow Beach Park. Multiple public transportation options are within walking distance. The property has an in-place cap rate of over 12%, with reported upside to a 14.30% cap rate through leasing and management improvements.
The building is positioned on a quiet, one-way, tree-lined street in Chicago’s South Shore neighborhood, a short distance from Lake Michigan and Rainbow Beach Park. Multiple public transportation options are within walking distance. The property has an in-place cap rate of over 12%, with reported upside to a 14.30% cap rate through leasing and management improvements.
Key Highlights
- Seven‑unit building with six 3b/2ba apartments and one 3b/1ba garden unit
- Each apartment contains over 1,500 square feet of living space
- Five enclosed garage spaces located at the rear of the property
Property Analytics
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
Explore this area
Business Placement
Demographics for 60649, IL
48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Spacious three-bedroom units feature hardwood floors, separate living and dining rooms, porches, and abundant natural light.
Where is this apartment building located?
The property is located at 7828-30 S Essex Ave Chicago, IL.
What are key features of this property?
This property features: Seven‑unit building with six 3b/2ba apartments and one 3b/1ba garden unit; Each apartment contains over 1,500 square feet of living space; Five enclosed garage spaces located at the rear of the property
