Illinois / Chicago / 60649 / 7846 South Exchange Avenue

7846 South Exchange Avenue

Chicago, IL 60649

Listing ID: 236256

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$495,000

For Sale

Property Type Multifamily for Sale
Lot Size Acres 0.000
Building Sq Ft 10,000
Building Price per Sq Ft $49.50
Land Price per Sq Ft $49.50

Description

Essex Realty Group Inc. is proud to announce our exclusive engagement to market the sale of 7846 S. Exchange Ave, a 10 unit multifamily building located in Chicago's South Shore neighborhood. This California style building consists of ten (10) 1-bedroom / 1 bathroom apartments. 7846 S. Exchange is two story brick property includes surface parking spots in rear, fully-fenced in yard with secured entry. There is a new laundry facility on-site to generate additional income. This is a value-add investment property, a perfect match for both a first time investor or as a new addition to a growing portfolio.
What makes this location appealing is that it is situated in the highly sought after South Shore historic neighborhood. Another key point is the Cheltenham/79th St. Metra station is steps from the front door making this an excellent location for commuter tenants. The highlight of this property is the accessibility to Rainbow Beach, Lake Michigan, the lakefront bike path, and South Shore Cultural Center.

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Listing Demographics for 7846 South Exchange Avenue Chicago, IL 60649

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		39,689	167,004	392,991
Population Median Age		36	39	38
Population by Age	0-9 Yrs	5743 (14%)	21093 (12%)	45809 (11%)
	10-19 Yrs	5070 (12%)	21272 (12%)	49561 (12%)
	20-29 Yrs	6032 (15%)	23937 (14%)	67550 (17%)
	30-39 Yrs	6201 (15%)	21487 (12%)	53448 (13%)
	40-49 Yrs	4492 (11%)	20960 (12%)	45753 (11%)
	50-59 Yrs	4978 (12%)	21739 (13%)	48051 (12%)
	60-69 Yrs	3793 (9%)	18481 (11%)	43505 (11%)
	70+ Yrs	3379 (8%)	18036 (10%)	39315 (10%)

Median HH Income		$32,570	$34,083	$38,376
Total Household Income	< 24K	6716 (40%)	28065 (39%)	61601 (36%)
	25-49K	4321 (26%)	17357 (24%)	38908 (22%)
	50-74K	2219 (13%)	10027 (14%)	24816 (14%)
	75-99K	1431 (8%)	6218 (8%)	16624 (9%)
	100-199K	1578 (9%)	7602 (10%)	22377 (13%)
	200K+	185 (1%)	1620 (2%)	5276 (3%)

Highest Education Level	No Diploma	3025	14416	32430
	Diploma or GED	7985	31378	64126
	Some College	6950	31264	65250
	Assoc. Degree	2493	9222	19430
	Bachelors Degree	3142	15184	42763
	Higher Degree	2113	11480	41108

Total Housing Units		21,370	87,205	205,002
--Owner-Occupied		3,900	23,798	59,506
--Renter-Occupied		12,550	47,091	110,096
Owner-Occupied Values	< 100K	1490	6805	13473
	100-199K	1565	10372	28353
	200-299K	511	4075	9411
	300-399K	166	1067	3002
	400-499K	48	625	1837
	500K+	120	855	3430

Total Working Age Population		30,857	132,989	319,000
In Work Force		19,356	79,135	191,769
Not In Work Force		11,501	53,854	127,231
Workforce Employed		16,359	66,977	164,263
Workforce Unemployed		2,980	12,141	27,277
Civlian Workforce		19,339	79,118	191,539
Military Workforce		17	17	230

Total Households		16,450	70,889	169,602
Family Households		7,235	33,689	80,608
Non-Family Households		9,215	37,200	88,994
Married Couple		2,005	11,477	31,664
Other Family		5,231	22,212	48,944
Married w/Child		886	4,190	11,597
Single Male w/Child		248	1,086	2,758
Single Female w/Child		2,457	9,320	19,503

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Illinois	12,419,293	+3	12,830,632	+12	14,316,487	+6	15,138,849
Cook County	5,376,741	-3	5,194,675	+10	5,707,832	+5	5,990,243
Will County	502,266	+35	677,560	+34	907,625	+20	1,093,207
Indiana	6,080,485	+7	6,483,802	+4	6,738,573	+4	7,014,880
Lake County	484,564	+2	496,005	-3	479,815	+1	482,321

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

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