# 7847 S Essex Avenue, Chicago, IL 60649

> **TL;DR:** residential multi family, $499,000, built 1926. Est. $2,162/mo. Listed 21 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $499,000 |
| Year Built | 1926 |
| Lot Size | 10,250 sqft (0.24 acres) |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 21 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,162 |
| **Total** | **$2,162** |

## Property Highlights

- Built in 1926
- 0.24 acre lot
- 3 stories

## Description

### Agent Description
Seller financing available! Introducing 7847 S Essex Ave, a 28-unit mixed-used investment opportunity located in Chicago's South Shore neighborhood. This well-positioned corner building offers investors the chance to acquire a sizable asset with strong income potential for both residential and commercial use just minutes from Lake Michigan. The property has 1 commercial tenant and the rest of the building is completely vacant. Unit mix is 6 commercial, 14 one bedrooms, 8 studios. Extensive renovation is needed, this project is best for someone who has re-development experience. With consistent rental demand in the area, this asset presents an excellent opportunity for both seasoned investors and those looking to begin or expand their apartment portfolio. This investment is one that presents a significant opportunity for value add. Conveniently located with close proximity to public transportation, Obama Library, Museum of Science & Industry, Lake Shore Drive, the historic South Shore Cultural Center, a $9 billion dollar Quantum Computing Campus, and much more! Don't miss out on your opportunity to have a positive impact on the community by renovating this large multi-family property in one of Chicago's evolving Southside neighborhoods. Schedule your private tour today! Some exterior photos are virtually staged.

## Location

- **Address:** 7847 S Essex Avenue, Chicago, IL 60649
- **County:** Cook
- **Coordinates:** 41.752026, -87.56354
- **Google Maps:** https://www.google.com/maps?q=41.752026,-87.56354

## Listing Agent

- **Name:** Rashauna Scott
- **Brokerage:** Keller Williams ONEChicago
- **Phone:** (312) 216-2422
- **Email:** rashaunascott@kw.com

## Primary Photo

![7847 S Essex Avenue - Primary Photo](http://lh.rdcpix.com/d12df8a4f53ed8b672c3ab4bd1b4cf67l-f45001003r.jpg)

*10 total photos available on [listing page](https://www.propertysimple.com/listing/7847-s-essex-avenue-chicago-il-60649-12592139)*

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**MLS#:** 12592139 | **Updated:** 2026-04-29
**Source:** listhub

*Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/7847-s-essex-avenue-chicago-il-60649-12592139)

---

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