O'Neil Property Group

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$399,999
94 Days On Site

7544 S Essex Avenue
Chicago, IL 60649

For Sale|Multi Family|Active
9
Beds
3
Total Baths
1927
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Century 21 IMPACT
7544 S Essex Avenue7544 S Essex Avenue7544 S Essex Avenue7544 S Essex Avenue
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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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Listing Snapshot
PriceΒ 
$399,999
Days On SiteΒ 
94 Days
BedroomsΒ 
9
Inside Area (SqFt)Β 
N/A
Total BathsΒ 
3
Full BathsΒ 
N/A
Partial BathsΒ 
N/A
Lot SizeΒ 
0.08 Acres
Year BuiltΒ 
1927
MLS NumberΒ 
12724446
StatusΒ 
Active
Property TaxΒ 
$6,469.26
HOA/Condo/Coop FeesΒ 
N/A
Sq Ft SourceΒ 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS
2 weeks agoStatus changed to Active
3 weeks agoPrice changed to $399,999
3 months agoListing first seen on site
General Features
AcresΒ 
0.08
GarageΒ 
Yes
Garage SpacesΒ 
3
ParkingΒ 
DetachedGarage
Parking SpacesΒ 
3
Property Sub TypeΒ 
Multi Family
SewerΒ 
Public Sewer
Special CircumstancesΒ 
Short Sale
ZoningΒ 
MULTI
Interior Features
BasementΒ 
Partially FinishedFull
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Exterior Features
Construction DetailsΒ 
Brick
Community Features
Community FeaturesΒ 
GatedSidewalksStreet Lights
MLS AreaΒ 
CHI - South Shore
School DistrictΒ 
299
TownshipΒ 
South Chicago
Schools
School District
299
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of MRED as distributed by MLS Grid of Century 21 IMPACT



Based on information submitted to the MLS GRID as of 2026-11-07 01:12 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-11-07 01:12 PM UTC
MRED DMCA Copyright Information Copyright Β© 2026 Midwest Real Estate Data LLC. All rights reserved.

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