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Historic Multi-Unit Income Property
For Sale
$199,900

8119 S Escanaba Avenue, Chicago, IL 60617

Built in 1893, this multi-unit property is offered as-is and requires updates and renovation.

Property SizeContact for details
Days on Market132

Property Features for 8119 S Escanaba Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY

Taxes and HOA fees

Annual Taxes $1,628

Building Details

Year Built 1893
Listing Agency: Realty of America, LLC 773-230-3768 Overview Additional information MLS R ID 12636036 Interior features Bedrooms 10 Total Bathrooms 4 Heating Yes Basement Yes Exterior features Lot Size 0.06 Acres Other property details Taxes $1,628 Tax Frequency Annually Garage Yes Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Alejandro Merida with Realty of America, LLC 773-230-3768
Listed By: Alejandro Merida · License #475202115
Source: Dawnmckennagroup
Added: May 1 Changed: Sep 8 Last Checked: Sep 8 at 10:17AM

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 Realty of America, LLC 773-230-3768 Overview Additional information MLS R ID 12636036 Interior features Bedrooms 10 Total Bathrooms 4 Heating Yes Basement Yes Exterior features Lot Size 0.06 Acres Other property details Taxes $1,628 Tax Frequency Annually Garage Yes Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Alejandro Merida with Realty of America, LLC 773-230-3768

Investment Insights

Based on property information with market context.

This historic multi-unit income property was originally built in 1893 and offers notable character, though it is in need of updates and renovation. The property is being sold as-is.

The asset is located in Chicago’s South Shore neighborhood, with access to nearby shopping, dining, and public transportation. It is described as being minutes from Lake Michigan, Rainbow Beach Park, and the South Shore Cultural Center.

For buyers and investors seeking a value-add project, the property’s existing structure provides the basis for improvements and long-term holding.

Key Highlights

  • Multi‑unit property built in 1893 with historic character
  • Sold as‑is; property requires updates and renovation
  • Located in Chicago’s South Shore neighborhood, just minutes from Lake Michigan

Property Analytics

Current Use

Multifamily properties

Suggested Use

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

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

649
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
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Built in 1893, this multi-unit property is offered as-is and requires updates and renovation.
Where is this multifamily property located?
The property is located at 8119 S Escanaba Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Multi‑unit property built in 1893 with historic character; Sold as‑is; property requires updates and renovation; Located in Chicago’s South Shore neighborhood, just minutes from Lake Michigan
More about this property
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