8559 S Escanaba AVE Chicago, IL 60617 Open Sat 11AM-2PM
UPDATED: 03/17/2026 03:37 PM ON MARKET: New on market today
$229,000
10 Beds4 Baths
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12592323
Bedrooms 10
Year Built 1913
Annual Tax Amount $2,954
Tax Year 2023
Lot Dimensions 25x125
Property Sub-Type Two to Four Units
Property Description
This legal-brick four-unit building in South Shore offers a clear path for growth and long-term value. The property includes two large three-bedroom units and two two-bedroom units, providing a versatile layout for future tenants, with additional upside in finishing the attic and basement into units. Market rents in the area run $1,700-$1,900/month for 3-beds and $1,250-$1,600/month for 2-beds. CHA voucher rates are $1,630 for 3-beds and $1,270 for 2-beds. South Shore has real momentum. The Obama Presidential Center, 3 miles away, opens in June 2026 and is already pulling attention and investment into the corridor. The proposed Bears stadium and entertainment district is 6.5 miles out, another longer-term tailwind for the South Side. Fantastic bones, great unit mix, and a neighborhood that's moving. This is a home run for the right buyer.
