Closed

$440,000

7722 Essex Avenue, Chicago, IL 60649
9 Beds3 Baths5 days
7722 Essex Avenue·Chicago, IL 60649
9Bedrooms
3Bathrooms
1925Year Built
About This Home

Owner is doing a 1031 tax exchange to acquire a larger property. The property is phenomenal with great tenants and low expenses. Both tenants are long term tenants. With simple updating similar apartments in the area are renting for $1,450 a month on the low end. 3 Large 3 Bedroom 1 Bath apartments at nearly 1,100 sq. ft each. Coin operated laundry in the building. House Hacking this property will be a breeze. This property helped elevate the past two owners to larger properties, because it is such a solid building and you could be next!

MLS# 12131803Listed August 6, 2024Residential IncomeBrownstone
Property Details

Beds & Baths

Total Bedrooms9
Total Bathrooms3
Total Rooms22

Size & Structure

Year Built1925
Lot Size0.080 acres

Location

CountyCook
TownshipHyde Park
Zip Code60649

Financial

List Price$440,000
Annual Taxes (2023)$3,600
Monthly Tax Est.$300
Parcel #21303190210000
Interior Features

Heating

Natural GasForced Air

Basement

UnfinishedExterior EntryFull
Exterior & Lot

Construction

Brick

Roof

Tar/Gravel

Foundation

Brick/MortarConcrete Perimeter

Exterior Features

Balcony
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

Off AlleyOn SiteOwned
HOA & Community

Community Features

Water RightsCurbsGatedSidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$3,600
Tax Year 2023
Monthly Tax Est.
$300
per month
Property Location

7722 Essex Avenue, Chicago, IL 60649Cook County

$440,000
7722 Essex Avenue
9 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
5 days on market
0.080 acres
$3,600/yr taxes
$2,612
estimated monthly payment
Principal & Interest
$2,312/mo
Property Tax
$300/mo
$440,000
20% — $88,000
3%50%
6.875%
3%12%
Loan Amount
$352,000
Down Payment
$88,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Compass
Agent: Phillip Dixon
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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