Closed

$229,000

8559 Escanaba Avenue, Chicago, IL 60617
10 Beds4 Baths7 days
8559 Escanaba Avenue·Chicago, IL 60617
10Bedrooms
4Bathrooms
1913Year Built
About This Home

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.

MLS# 12592323Listed March 17, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms10
Total Bathrooms4
Total Rooms17

Size & Structure

Year Built1913
Lot Size25x125

Location

CountyCook
TownshipSouth Chicago
Zip Code60617

Financial

List Price$229,000
Annual Taxes (2023)$2,954
Monthly Tax Est.$246
Parcel #21314180440000
Interior Features

Heating

Natural Gas

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

Off StreetGarage Faces SideYesOwned
Tax & Financial
Annual Taxes
$2,954
Tax Year 2023
Monthly Tax Est.
$246
per month
Property Location

8559 Escanaba Avenue, Chicago, IL 60617 — Cook County

$229,000
8559 Escanaba Avenue
10 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
7 days on market
25x125
$2,954/yr taxes
$1,450
estimated monthly payment
Principal & Interest
$1,203/mo
Property Tax
$246/mo
$229,000
20% — $45,800
3%50%
6.875%
3%12%
Loan Amount
$183,200
Down Payment
$45,800

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

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

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