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Yellow Brick Octagon Apartment Building
For Sale
$899,000

8035 S Essex Avenue, Chicago, IL 60617

Six-unit building with expansion potential near parks and transportation.

Property Size7,947 SF
Days on Market169

Property Features for 8035 S Essex Avenue

General Information

Standard status Active
Size 7,947 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $7,011

Building Details

Building Size 7,947 SF
Year Built 1929
Stories 3
Units 6
Listing Agency: Pearson Realty Group
Listed By: Eduardo Padro
Source: Allinonerealestateco
Added: Mar 9 Changed: Aug 23 Last Checked: Aug 21 at 8:48PM

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 Pearson Realty Group

Investment Insights

Based on property information with market context.

This yellow brick, octagon-shaped building features six units. The property offers potential for conversion into an eight-unit building or for duplexing the first-floor units with the unfinished basement, which has high ceilings. Each unit includes separate utilities, as well as large living and dining rooms. A four-car brick garage is included. The property is located in close proximity to a city park and is an 8 to 10-minute drive to Route 41 Jean-Baptiste Pointe DuSable Lake Shore Drive. It is also a 10 to 15-minute drive to I-90/94 Kennedy - Dan Ryan Expressway / I-57 - Bishop Ford Expressway. Public bus and transit options are located nearby.

Key Highlights

  • Potential to increase unit count by utilizing the unfinished basement.
  • Separate utilities for all units.
  • Four‑car brick garage.

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

Location Intelligence

Trade Area within ½ mile

751
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 - Six-unit building with expansion potential near parks and transportation.
Where is this apartment building located?
The property is located at 8035 S Essex Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Potential to increase unit count by utilizing the unfinished basement.; Separate utilities for all units.; Four‑car brick garage.
More about this property
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