7524 S Ellis Avenue, Chicago, IL 60619
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7524 S Ellis Avenue,Chicago, IL 60619
$249,000
- 8 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sun, Apr 1212:00 pm - 02:00 pm
Listed by: dan nelson, rodolfo gonzalez
Office: compass
MLS#:12606267
Source:MLSNI
Price summary
- Price:$249,000
About this home
Excellent cash-flowing investment opportunity on Chicago's South Side. This legal 2-unit property features two incredibly spacious units, each with 4 bedrooms and 1 bathroom, making it highly attractive for strong rental demand. Previously updated with modern finishes throughout, the units include 42-inch espresso kitchen cabinets, granite countertops, and stylish glass/stone backsplashes. Bathrooms feature updated vanities, lighting, fixtures, and mirrors. Major improvements include a brand-new roof (2026) and newer copper plumbing, electrical, HVAC systems, and water heaters. Each unit has separate utilities, making it an efficient investment property. The property also features a full unfinished basement with 7-foot ceilings, offering excellent value-add potential for a future additional unit or continued use as storage and laundry space. It is conveniently located near expressways, schools, shopping, and public transportation, just a few minutes from Hyde Park and downtown Chicago. Taxes are low, with no homeowner exemption currently applied. This is a rare opportunity where space, updates, and income potential come together. It is a perfect addition to any rental portfolio or ideal for owner-occupants....
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Home facts
- Year built:1888
- Listing ID #:12606267
- Updated:April 09, 2026 at 10:57 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:14
- Basement:Yes
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1888
- Lot area:0.07 Acres
Utilities
- Water:Lake Michigan
Finances and disclosures
- Price:$249,000
- Tax amount:$1,055 (2023)
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