7547 S Union Avenue, Chicago, IL 60620
Local realty services provided by:ERA Naper Realty
7547 S Union Avenue,Chicago, IL 60620
$375,000
- 9 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: juneitha shambee
Office: juneitha shambee
MLS#:12595073
Source:MLSNI
Price summary
- Price:$375,000
About this home
This charming 4-unit multi-family investment gem in the heart of Auburn Gresham offers immediate income potential and strong upside for savvy buyers seeking cash flow in a revitalizing South Side Chicago neighborhood. Built in 1903 with classic character, this solid brick building totals approximately 4,308 sq ft on a generous 5,040 sq ft lot, featuring three spacious 2-bedroom/1-bath units and one larger 3-bedroom/1-bath unit-perfect for families or roommates. Recent cosmetic upgrades include fresh touches throughout, enhancing appeal and rentability right away. The property boasts a 2-car detached garage for added value (extra parking or storage income), a large unfinished basement ripe for expansion (additional living space, storage, or future laundry/rec room), and secure wire fencing surrounding the lot for privacy and peace of mind. Currently configured for steady rental income, this turnkey multi-family is primed for even higher returns with minimal cosmetic refreshes-think modern paint, updated fixtures, and flooring tweaks. Comparable 2-bed units in the area rent for $1,200-$1,500+/month, and 3-bed units often fetch $1,400-$1,800+, potentially generating $5,000-$6,500+ monthly post-upgrades in this high-demand rental market. Ideal for house-hacking, portfolio expansion, or long-term hold-low maintenance and close to public transit, shops, and Englewood/CTA access. Don't miss this rare opportunity to own a cash-flowing asset in an up-and-coming area with appreciation potential. Schedule your showing today-this one won't last!...
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Home facts
- Year built:1903
- Listing ID #:12595073
- Added:1 day(s) ago
- Updated:March 23, 2026 at 05:45 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:17
- Basement:Yes
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Roof:Flat
- Year built:1903
- Foundation Description:Brick/Mortar, Concrete Perimeter
Schools
- High school:Englewood Stem High School
- Middle school:Oglesby Elementary School
- Elementary school:Oglesby Elementary School
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$375,000
- Tax amount:$2,754 (2024)
Parking
- Total parking spaces:2
- Parking description:Detached Garage, Garage
- Garage:Yes
- Garage spaces:2
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