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Matan Aharoni

matan.aharoni@engelvoelkers.com +1(847) 668-8576

$ 399,000

Est. payment -/mo

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New

7544 S Essex AVE Chicago, IL 60649

9 Beds

3 Baths

3,484 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12724446

Bedrooms 9

Year Built 1927

Annual Tax Amount $6,469

Tax Year 2024

Lot Size 3,484 Sqft

Lot Dimensions 3720 SQ FT

Property Sub-Type Two to Four Units

Property Description

INVESTOR DREAM - 3-Unit Brick in South Shore's Transformation Zone Solid all-brick 3-flat. 9 beds, 3 baths, 3,200 sq ft of income potential. Same ownership for years - needs TLC and vision, not demolition. Separate utilities, full basement, layouts that rehab beautifully. INVEST South/West priority corridor ($280M+ city investment). Obama Presidential Center under construction minutes away - surrounding neighborhoods already seeing values double. THRIVE Exchange breaking ground blocks away. 71st Street initiative bringing new businesses and foot traffic. Potential rent $3,600-$4,200/mo post-rehab. Short sale, sold AS-IS, subject to lender approval. Cash or rehab loan preferred. This is the most strategically positioned multifamily on Chicago's South Side right now. The investor who buys in 2026 will thank themselves in 2028.

Location

State IL

County Cook

Area Chi - South Shore

Zoning MULTI

Rooms

Basement Partially Finished, Full

Interior

Heating Natural Gas

Fireplace N

Exterior

Garage Spaces 3.0

Community Features Gated, Sidewalks, Street Lights, Street Paved

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition Short Sale

Listed by Yolanda Martin of Century 21 IMPACT

NEARBY SCHOOLS & PROPERTIES

Matan Aharoni

Broker

+1(847) 668-8576

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