7544 S Essex Avenue, Chicago, IL 60649

Chicago
Local realty services provided by:ERA Naper Realty
7544 S Essex Avenue,Chicago, IL 60649
$425,000
  • 9 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: yolanda martin
Office: century 21 impact
MLS#:12724446
Source:MLSNI

Price summary

  • Price:$425,000

About this home

OWNER-OCCUPANT & INVESTOR VALUE-ADD OPPORTUNITY IN SOUTH SHORE! Not turnkey. Not overdone. Full of potential. This solid all-brick 3-flat offers approximately 3,200 sq ft, 9 bedrooms, 3 baths, separate utilities and a full basement-with an opportunity to create value through cosmetic renovation. Owner-occupants: Live in one unit while renting the other two, with anticipated rental potential of approximately $4,600/month from the two rented units, subject to market conditions and tenant demand. Investors: Three units create multiple income streams with anticipated rents of approximately $2,300 per unit, or $6,900/month when fully rented. The strategy is simple: BUY RENOVATE RENT BUILD EQUITY Financing options may include FHA 203(k), Conventional Rehab, Cash, or Hard Money, subject to lender/investor approval, property eligibility, borrower qualifications and applicable loan terms. Located in South Shore amid significant public and private investment, including...

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Home facts

  • Year built:1927
  • Listing ID #:12724446
  • Updated:September 30, 2026 at 11:46 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:18
  • Basement Description:Full, Partially Finished

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1927
  • Lot area:0.08 Acres

Utilities

  • Water:Lake Michigan
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$425,000
  • Tax amount:$6,469 (2024)

Parking

  • Total parking spaces:3
  • Parking description:Detached Garage, Garage
  • Garage:Yes
  • Garage spaces:3
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