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Updated 6-Unit Apartment Building
For Sale
Contact for pricing
Pending

7831 S Essex Ave, Chicago, IL 60649

Fully occupied apartments feature updated interiors, central air, and separate heat and electric.

Property SizeContact for details
Days on Market140

Property Features for 7831 S Essex Ave

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 6

Building Details

Buildings 1
Listing Agency: Keller Williams Preferred Realty
Listed By: Frank Montro · License #IL
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 2:20PM

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 Keller Williams Preferred Realty

Investment Insights

Based on property information with market context.

This six-unit apartment building includes a mix of one- and two-bedroom residences, with every unit currently occupied. Interiors feature hardwood flooring, natural light, updated fixtures, granite kitchen countertops, cherry cabinetry, stainless steel appliances, and refreshed tiled bathrooms. Two-bedroom apartments offer additional closet space, while each unit has central air with separate heat and electric service.

Property improvements include a newer roof, updated electrical and plumbing systems, and an enclosed porch added in 2019. A garden-level unit is ready for conversion. The building is located near museums, downtown Chicago, and the lakefront, with access to the surrounding South Shore neighborhood.

Key Highlights

  • Six‑unit building with all units fully occupied
  • Mix of 1- and 2‑bedroom apartments
  • Enclosed porch added in 2019

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Building Supply 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

Location Intelligence

Trade Area within ½ mile

953
Businesses Nearby

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

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 apartments feature updated interiors, central air, and separate heat and electric.
Where is this apartment building located?
The property is located at 7831 S Essex Ave Chicago, IL.
What are key features of this property?
This property features: Six‑unit building with all units fully occupied; Mix of 1- and 2‑bedroom apartments; Enclosed porch added in 2019
(708) 307-0777 Call to check price and availability
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