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Four-Unit Multifamily Building with Basement
For Sale
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8747 S Escanaba Avenue, Chicago, IL 60617

Partially renovated income property with unfinished upper-level units and flexible basement space.

Property SizeContact for details
Days on Market155

Property Features for 8747 S Escanaba Avenue

General Information

Standard status Active
Property subtype Multifamily
Zoning MULTI

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Building Details

Year Built 1892
Buildings 1
Listing Agency: RE/MAX Premier
Listed By: Ryan Smith · License #475150650
Source: Crexi
Added: Mar 31 Changed: Aug 30 Last Checked: Aug 31 at 5:10PM

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 RE/MAX Premier

Investment Insights

Based on property information with market context.

Built in 1892, this four-unit multifamily property contains two bedrooms and one bathroom in each unit, along with a full unfinished basement. Renovation work has progressed on the first floor, including newer flooring, newer drywall, and updated bathrooms. The upper-level units have been framed but remain unfinished, allowing the next owner to complete the layout and finishes.

The basement provides additional usable area and may remain as storage or be connected to the first-floor units, subject to applicable requirements. MULTI zoning supports the property's multifamily classification. Located at 8747 S Escanaba Avenue in Chicago, the building offers a defined four-unit configuration with renovation work already underway and remaining improvements to complete.

Key Highlights

  • Four‑unit building with two bedrooms and one bathroom per unit
  • Full unfinished basement with storage or potential connection to first‑floor units
  • First‑floor units include newer flooring, newer drywall, and updated bathrooms

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Skin Care Clinic Building Supply Computer & Electronic Repair

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

948
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?
Quadplex - Partially renovated income property with unfinished upper-level units and flexible basement space.
Where is this quadplex located?
The property is located at 8747 S Escanaba Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Four‑unit building with two bedrooms and one bathroom per unit; Full unfinished basement with storage or potential connection to first‑floor units; First‑floor units include newer flooring, newer drywall, and updated bathrooms
(708) 246-6300 Call to check price and availability
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