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Brick Triplex With Basement Unit
For Sale
$696,000

7840 S Essex Avenue, Chicago, IL 60649

Vacant residential units feature central radiator heat and hot water service.

Property SizeContact for details
Days on Market11

Property Features for 7840 S Essex Avenue

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Residential Income

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $3,600

Building Details

Year Built 1926
Buildings 1
Stories 3
Construction brick
Listing Agency: Citywide Investor Inc
Listed By: Thomas Slaughter
Source: Cavanaghrealty
Added: Aug 11 Changed: Aug 20 Last Checked: Aug 20 at 7:36AM

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 Citywide Investor Inc

Investment Insights

Based on property information with market context.

This three-story brick triplex was built in 1926 and contains three residential units. The building includes central radiator heat and hot water, along with a basement unit described for in-law use. All three units are currently vacant.

The property is located at 7840 S Essex Avenue in Chicago’s Southeast Southshore area. Showings are arranged with 24 hours notice through the listing agent.

Key Highlights

  • Three‑story brick triplex built in 1926
  • Three residential units, all currently vacant
  • Basement unit described for in‑law use

Property Analytics

Current Use

Triplexes

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

3
Residential units

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?
Triplex - Vacant residential units feature central radiator heat and hot water service.
Where is this triplex located?
The property is located at 7840 S Essex Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $696,000.
What are key features of this property?
This property features: Three‑story brick triplex built in 1926; Three residential units, all currently vacant; Basement unit described for in‑law use
More about this property
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