$550,000
( )
$2,953 est/mo Sourced by Back At You7611 S Essex Avenue,Chicago, IL 60649
Chicago, IL 60649
Description
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. Property requires substantial rehabilitation and is offered strictly AS-IS. Investor opportunity with multiple units. Seller makes no representation regarding condition, code compliance, unit legality, occupancy status or future development potential. Buyer responsible for independent due diligence.
Details
| MLS # | 12626942 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1926 |
| Days On Site | 135 |
| Listing Provided By | Marblestone Property Group LLC | Yuliya Onyshchuk |
Features
| Basement | Y |
|---|---|
| Story(s) | 3 |
| Units | 6 |
| Zoning | MULTI |
| Acreage | 0.14 |
Interior
| Cooling | None |
|---|
Exterior
| Construction Materials | Brick |
|---|
Utilities
| Electric | Circuit Breakers |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 10520.08 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60649 |
| Area | CHI South Shore |
| Listing VS Median (in 60649) | |
Price: $550,000 low | high Med: $90,000 On site: 135 low | high Med: 125 | |
Market Activity 60649
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60649 |
| Area | CHI South Shore |
| Listing VS Median (in 60649) | |
Price: $550,000 low | high Med: $90,000 On site: 135 low | high Med: 125 | |
Nearby Listings (Within 1/10 mile)
Price: $412K - $687K
sqft: 0 - 0
Listing Updated: September 3, 2026 at 12:43:55 PM PDT