7547 S Union Avenue
Chicago, IL, 60620
$375,000
9 Beds
4 Baths
0 SqFt
0 Acres
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MLS #MRD12595073 image #0
This charming 4-unit multi-family investment gem in the heart of Auburn Gresham offers immediate income potential and strong upside for savvy buyers seeking cash flow in a revitalizing South Side Chicago neighborhood. Built in 1903 with classic character, this solid brick building totals approximately 4,308 sq ft on a generous 5,040 sq ft lot, featuring three spacious 2-bedroom/1-bath units and one larger 3-bedroom/1-bath unit-perfect for families or roommates. Recent cosmetic upgrades include fresh touches throughout, enhancing appeal and rentability right away. The property boasts a 2-car detached garage for added value (extra parking or storage income), a large unfinished basement ripe for expansion (additional living space, storage, or future laundry/rec room), and secure wire fencing surrounding the lot for privacy and peace of mind. Currently configured for steady rental income, this turnkey multi-family is primed for even higher returns with minimal cosmetic refreshes-think modern paint, updated fixtures, and flooring tweaks. Comparable 2-bed units in the area rent for $1,200-$1,500+/month, and 3-bed units often fetch $1,400-$1,800+, potentially generating $5,000-$6,500+ monthly post-upgrades in this high-demand rental market. Ideal for house-hacking, portfolio expansion, or long-term hold-low maintenance and close to public transit, shops, and Englewood/CTA access. Don’t miss this rare opportunity to own a cash-flowing asset in an up-and-coming area with appreciation potential. Schedule your showing today-this one won’t last! SOLD AS-IS.

Property Details

Price:
$375,000
MLS #:
MRD12595073
Status:
Active Under Contract
Beds:
9
Baths:
4
Type:
Multi Family
Neighborhood:
chienglewood
Listed Date:
Mar 20, 2026
Year Built:
1903
Chi – EnglewoodChienglewoodOglesby Elementary SchoolOglesby Elementary SchoolEnglewood Stem High School

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Schools

School District:
299
Elementary School:
Oglesby Elementary School
Middle School:
Oglesby Elementary School
High School:
Englewood Stem High School

Interior

Heating
Natural Gas

Exterior

Community Features
Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Fencing
Fenced
Garage Spaces
2
Parking Features
Garage Door Opener, Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2
Roof
Flat

Financial

Tax Year
2024
Taxes
$2,754

Map

Community

Market Summary

Current real estate data for Multi Family in Chicago as of Jun 14, 2026
1,398
Multi Family Listed
80
Avg DOM
$529,071
Avg List Price

Property Summary

    7547 S Union Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60620. It is listed for $375,000

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