7611 S Essex Avenue Chicago, IL ^$ 550,000

7611 S Essex Avenue

^$ 550,000

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7611 S Essex Avenue

Chicago, IL, 60649

^$ 550,000

Bedrooms3 Baths0.0

Monthly Estimate*

^$ 3,473

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Multi-Family Home for sale in Chicago, IL

for $550,000 with 3 bedrooms. This home was built in 1926 on a lot size of 0.170799.

Six 3BR/2BA units | 5/6 units occupied | rents $1,150-$1,700/mo | 2025 rent income $81,418 | NOI ~$38,500 | Current rents below market with clear upside as leases roll. Solid brick building, hardwood floors throughout, gated front yard, on-site parking. City violations on record - all repair work completed by seller in 2025; re-inspection pending only, no repair cost to buyer. Strong in-place income with value-add upside. Sold as-is. Proof of funds required.

Multi-Family Active

Price

^$ 550,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 10,520

Style

Multi-Family

Lot Size

0.170799

Year Built

1926

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12626942

Features

General

Cooling None

Possession Closing

Zoning MULTI

Construction Materials Brick

Year Built 1926

Electric Circuit Breakers

Tenant Pays Electricity Heat

Stories Count 3

Tax Year 2024

Current Use Multi-Family

Gross Income 81418

County Cook

Net Operating Income 38529

Operating Expense 44089

Insurance Expense 8367

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 24694

Status Active

Directions Essex North from 79TH ST

City Chicago

Number Of Units Total 6

MLS Area CHI - South Shore

Lot Size Square Feet 7440

Tax Annual Amount 10520.08

Electric Expense 697

Fuel Expense 3571

Trash Expense 1992

Water Sewer Expense 3600

Additional Parcels Y/N N

Standard Status Active

Cap Rate 6.43

Interior

Basement Unfinished

Exterior

Lot Dimensions 50x125

* Excluded Features

List By

Marblestone Property Group Llc

Broker

yuliya@marblestonepg.com

Affordability Calculator

$4,349

Per Month

Monthly Principal & Interest: $3,473
Monthly Property Taxes: $877
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$620,536

Percent of Sale Price 13%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/9/2026	$550,000	-3.51%	Price Down
5/22/2026	$570,000	-4.84%	Price Down
4/28/2026	$599,000		Listed Price

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7611 S Essex Avenue, Chicago, IL, 60649 is a Multi-Family Home for sale at $550,000 with a lot size of 0.170799. 7611 S Essex Avenue has 3 bedrooms, 0.0 baths, and was built in 1926. The property's zip code is 60649 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 6/29/2026.

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7611 S Essex Avenue

Multi-Family Home for sale in Chicago, IL

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