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Triplex With Detached Garage
For Sale
$499,900

7961 S Essex Avenue, Chicago, IL 60617

Three residential units offer hardwood floors, individual storage, and laundry hookups in two units.

Property SizeContact for details
Days on Market15

Property Features for 7961 S Essex Avenue

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Residential Income
Zoning MULTI

Units

Unit Mix 3 x 3BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $6,951

Building Details

Year Built 1924
Buildings 1
Listing Agency: Premier Midwest Realty, INC
Listed By: Lillie Hagan
Source: Exit2newbeginningz
Added: Jul 29 Changed: Aug 9 Last Checked: Aug 11 at 1:51PM

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 Premier Midwest Realty, INC

Investment Insights

Based on property information with market context.

This three-unit residential building, constructed in 1924, features three bedrooms and one bathroom in each unit. Interior details include hardwood flooring, updated cabinetry, contemporary light fixtures, and dedicated storage. Two units include laundry hookups. The property also has a detached three-car garage and sits on an oversized lot. There is no basement, and the building is described as having no flooding issues.

Two units are leased through next year, while the remaining unit is occupied under a month-to-month arrangement. The property is located at 7961 S Essex Avenue in Chicago, Illinois, and carries MULTI zoning. Its configuration combines established residential improvements with a detached garage and three separate units.

Key Highlights

  • Three‑unit building at 7961 S Essex Avenue in Chicago, IL 60617
  • Each unit includes 3 bedrooms and 1 bath
  • Detached 3 car garage on an oversized lot

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Dental Office Building Supply Skin Care Clinic Real Estate Agency (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

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?
Triplex - Three residential units offer hardwood floors, individual storage, and laundry hookups in two units.
Where is this triplex located?
The property is located at 7961 S Essex Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Three‑unit building at 7961 S Essex Avenue in Chicago, IL 60617; Each unit includes 3 bedrooms and 1 bath; Detached 3 car garage on an oversized lot
More about this property
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