7611 S Essex Avenue
Chicago, IL, 60649
$550,000
3 Beds
2 Baths
0 SqFt
0 Acres
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MLS #MRD12626942 image #0
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.

Property Details

Price:
$550,000
MLS #:
MRD12626942
Status:
Active Under Contract
Beds:
3
Baths:
2
Type:
Commercial
Neighborhood:
chisouthshore
Listed Date:
Apr 23, 2026
Year Built:
1926
Chi – South ShoreChisouthshore

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Schools

Interior

Cooling
None

Exterior

Construction Materials
Brick
Stories
3

Financial

Maintenance Fee
$24,694
Net Operating Income
$38,529
Tax Year
2024
Taxes
$10,520

Map

Community

Market Summary

Current real estate data for Commercial in Chicago as of Oct 04, 2026
906
Commercial Listed
185
Avg DOM
$1,021,515
Avg List Price

Property Summary

    7611 S Essex Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60649. It is listed for $550,000

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