7416 S May Street Chicago, IL $ 289,000
7416 S May Street
$ 289,000
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7416 S May Street

Chicago, IL, 60621
$ 289,000
Bedrooms6 Baths2.0

Monthly Estimate*

$ 1,779

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Multi-Family Home for sale in Chicago, IL

for $289,000 with 6 bedrooms and 2 full baths. This home was built in 1890 on a lot size of 0.07.

Turnkey, fully renovated brick 2-flat in Chicago's up-and-coming Englewood neighborhood; an excellent value-add and cash-flow opportunity. Rehabbed in 2026, this multi-family asset requires no immediate capital investment and is ready for lease-up or house hacking. Each unit features 3 bedrooms and 1 bath with large primary bedrooms, functional living and dining layouts, and enclosed porches-highly attractive to long-term tenants. Both units boast new kitchens with modern cabinets and stainless steel appliances, updated bathrooms, new laminate flooring, forced-air heating, and central A/C. Major capital improvements include new electrical, plumbing, and HVAC systems, reducing future maintenance risk. Each unit offers separate furnaces and water heaters, allowing for greater rental income. Units are currently vacant, allowing investors to set market rents immediately. The property also includes an enclosed rear porch and a large adjacent lot with a parking pad-added value for tenant demand and rental premiums. Conveniently located near public transportation, schools, parks, shopping, dining, and major expressways. LOW TAXES (no property exemptions being claimed). SELLER FINANCING AVAILABLE!

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Multi-Family Active

Price

$ 289,000

Bedrooms

6

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,411

Style

Lot Size

0.07

Year Built

1890

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12541524

Features
General
Sewer Other
Heating Natural Gas
Possession Closing
Construction Materials Brick
Year Built 1890
Township Lake
Tax Year 2024
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 13
Status New
Directions west on 74th street South on May
City Chicago
High School District 299
MLS Area CHI - Englewood
Tax Annual Amount 2411
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Crawl Space
Total Bedrooms 6
Total Baths 2
Bedrooms Possible 6
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Water Source Lake Michigan
Total Parking 0
Foundation Details Other
Lot Dimensions 25X125
Lot Size Acres 0.07
Waterfront Y/N N
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* Excluded Features
List By
Core Realty & Investments Inc.

Broker

c.matos@me.com

Email

Affordability Calculator

$1,980
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,779
Monthly Property Taxes
$201
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/7/2026$289,000 Listed Price

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7416 S May Street, Chicago, IL, 60621 is a Multi-Family Home for sale at $289,000 with a lot size of 0.07. 7416 S May Street has 6 bedrooms, 2.0 baths, and was built in 1890. The property's zip code is 60621 which is in Chicago, IL