Closed

$375,000

8616 Escanaba Avenue, Chicago, IL 60617
6 Beds4 Baths48 days
8616 Escanaba Avenue·Chicago, IL 60617
6Bedrooms
4Bathrooms
1908Year Built
About This Home

Incredible Investment Opportunity: This LEGAL FOUR-UNIT property is a CASH COW and priced well within the FHA Loan limits, so qualified buyers only need 3.5% of purchase price for down payment. Zoning Certificate is found under additional information. Amazing (estimated) $52,800 Annual Rental INCOME PROJECTION: 2bed/1bath rental comp: 8506 S Manistee, Unit 1 {MLS 11671074} rented for $1,200 in 14 days | 8371 S Bond, Unit 1F {MLS 11761401} rented for $1,000 in 14 days. The front units, each with 2 bedrooms and 1 bathroom, provide a comfortable living space, while the rear units offer 1 bedroom, an enclosed porch that can be used as a den, office or bedroom and 1 bathroom. Conveniently located within walking distance of the Metra train stop, just a mile away from the scenic Lake Front, and near Steelworkers Park, your tenants will have it all. What sets this property apart is the spacious unfinished attic, offering the potential for an additional rental unit or duplex expansion. The full basement is perfect for laundry facilities and extra storage. Here's your chance to own a solid brick building in a highly desirable area. FHA welcomed. Our motivated seller is open to issuing CCC with a competitive offer. Don't miss out!

MLS# 11939172Listed November 30, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms6
Total Bathrooms4
Total Rooms14

Size & Structure

Year Built1908
Lot Size0.070 acres

Location

CountyCook
TownshipHyde Park
Zip Code60617

Financial

List Price$375,000
Annual Taxes (2022)$1,851
Monthly Tax Est.$154
Parcel #21314230240000
Interior Features

Heating

Natural Gas

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick

Roof

Asphalt

Foundation

Concrete Perimeter
Utilities & Parking

Sewer

Public Sewer

Water Source

Public
HOA & Community

Community Features

CurbsSidewalksStreet LightsStreet Paved
Schools
Elementary
Mireles Elementary School Academ
District: 299
Middle School
Mireles Elementary School Academ
District: 299
High School
Bowen High School
District: 299
Tax & Financial
Annual Taxes
$1,851
Tax Year 2022
Monthly Tax Est.
$154
per month
Property Location

8616 Escanaba Avenue, Chicago, IL 60617Cook County

$375,000
8616 Escanaba Avenue
6 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
48 days on market
0.070 acres
$1,851/yr taxes
$2,125
estimated monthly payment
Principal & Interest
$1,971/mo
Property Tax
$154/mo
$375,000
20% — $75,000
3%50%
6.875%
3%12%
Loan Amount
$300,000
Down Payment
$75,000

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

Listed by
MPower Residential Brokerage LLC
Agent: Karla Mina
Similar Homes

You May Also Like

Keep Exploring

Find Your Perfect Home

Browse available listings in Chicago and across the North Shore.

Also popular on the North Shore

REALTOR® Logo
Equal Housing Opportunity LogoEqual Housing Opportunity

Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy.

© 2026 MLS GRID. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use.