7544 S Essex Avenue Chicago, IL $ 425,000
7544 S Essex Avenue
$ 425,000
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7544 S Essex Avenue

Chicago, IL, 60649
$ 425,000
Bedrooms9 Baths3.0 Sq 4,500

Monthly Estimate*

$ 2,935

7544 S Essex Avenue, Chicago, IL 60649 - Image 1
7544 S Essex Avenue, Chicago, IL 60649 - Image 2

Multi-Family Home for sale in Chicago, IL

for $425,000 with 9 bedrooms and 3 full baths. This 4,500 square foot home was built in 1927 on a lot size of 0.08.

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 INVEST South/West, the Obama Presidential Center, THRIVE Exchange and 71st Street corridor investment. Future impact is not guaranteed, but the level of investment makes this an opportunity worth a closer look. This is where the opportunity begins: bring your vision, improve the property and create the value. Short sale. Sold AS-IS. Subject to lender approval. If you're looking for a property where the upside comes from what YOU do with it, don't let this one pass without running the numbers. Anticipated rents are estimates for illustrative purposes only. Actual rents, expenses, renovation costs and values may vary. Financing is subject to lender approval, borrower qualification, property eligibility and applicable terms. Buyer to independently verify all information and projections.

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Multi-Family Active

Price

$ 425,000

Bedrooms

9

Full Bath

3

Property Type

Multi-Family

Taxes

$ 6,469

Style

Lot Size

0.08

Year Built

1927

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12724446

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Immediate
Zoning MULTI
Garage Spaces 3
Construction Materials Brick
Year Built 1927
Township South Chicago
Tax Year 2024
Ownership Fee Simple
Community Features Gated Sidewalks Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 18
Status Active
Directions take Stony Island Ave or the Chicago Skyway/Lake Shore Dr south to 75th Street head east on 75th St to S Yates Blvd turn south to 75th St/Essex intersection then turn east onto Essex Ave.
City Chicago
High School District 299
MLS Area CHI - South Shore
Tax Annual Amount 6469.26
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Partially Finished Full
Total Bedrooms 9
Total Baths 3
Bedrooms Possible 9
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Yes Detached Garage
Water Source Lake Michigan
Total Parking 3
Lot Dimensions 3720 SQ FT
Lot Size Acres 0.08
Waterfront Y/N N
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* Excluded Features
List By
Century 21 Impact

Broker

muchtudure@gmail.com

Email

Affordability Calculator

$3,474
Per Month
84%
16%
0%
Monthly Principal & Interest
$2,935
Monthly Property Taxes
$539
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
8/5/2026$399,000 Listed Price

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7544 S Essex Avenue, Chicago, IL, 60649 is a Multi-Family Home for sale at $425,000 with 4,500 sqft and a lot size of 0.08. 7544 S Essex Avenue has 9 bedrooms, 3.0 baths, and was built in 1927. The property's zip code is 60649 which is in Chicago, IL