7950 S Lafayette Avenue Chicago, IL ^$ 395,000

7950 S Lafayette Avenue

^$ 395,000

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7950 S Lafayette Avenue

Chicago, IL, 60620

^$ 395,000

Bedrooms6 Baths4.2

Monthly Estimate*

^$ 2,432

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Multi-Family Home for sale in Chicago, IL

for $395,000 with 6 bedrooms and 4 full baths, 2 half baths. This home was built in 1970 on a lot size of 0.09.

Opportunity knocks in Chatham! This classic Chicago brick 2-flat delivers space, income potential, and future possibilities all in one. Each unit offers 3 bedrooms, 1.5 baths and sun-filled living spaces perfect for comfortable everyday living. The full unfinished basement is already equipped with plumbing, electrical, and separate mechanicals, making it ready for your vision. Rear space offers the potential to add a future garage and increase value even further. Whether you're looking to expand your portfolio or live in one unit while generating income from the other, this property is packed with potential.

Multi-Family Active

Price

^$ 395,000

Bedrooms

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 4,018

Style

Lot Size

0.09

Year Built

1970

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12650490

Features

General

Sewer Public Sewer

Heating Natural Gas

Possession Closing

Zoning MULTI

Construction Materials Brick

Year Built 1970

Township Lake

Tax Year 2024

Ownership Fee Simple

County Cook

New Construction N

Property Type Residential Income Two to Four Units

Total Rooms 10

Status New

Directions 79th Street E/W to Lafayette South to Address.

City Chicago

High School District 299

MLS Area CHI - Chatham

Tax Annual Amount 4018.12

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Interior

Basement Unfinished Full

Total Bedrooms 6

Total Baths 4

Bedrooms Possible 6

Full Baths Building 2

Half Baths Building 2

Total Number of Units 2

Exterior

Parking Features Yes

Water Source Public

Total Parking 2

Lot Dimensions 30X126

Lot Size Acres 0.09

Waterfront Y/N N

* Excluded Features

List By

Century 21 Impact

Broker

mzpatrice88@gmail.com;pfreeman5188@gmail.com

Affordability Calculator

$2,767

Per Month

Monthly Principal & Interest: $2,432
Monthly Property Taxes: $335
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$628,504

Percent of Sale Price 59%

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.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/20/2026	$395,000		Listed Price

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7950 S Lafayette Avenue, Chicago, IL, 60620 is a Multi-Family Home for sale at $395,000 with a lot size of 0.09. 7950 S Lafayette Avenue has 6 bedrooms, 4.2 baths, and was built in 1970. The property's zip code is 60620 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

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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Data is updated as of 5/20/2026.

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7950 S Lafayette Avenue

Multi-Family Home for sale in Chicago, IL

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