7842-7844 S Union Avenue
Chicago, IL, 60620
$395,000
10 Beds
4 Baths
0 SqFt
0 Acres
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MLS #MRD12651285 image #0
This meticulously-maintained 4-unit brick building is a gem waiting to be uncovered by savvy investors like you. Each unit boasts a winning combination of space and functionality. The first floors feature generous 2-bedroom layouts, complete with family room, dining room, kitchen, and duplex down to the basement, perfect for maximizing rental income potential. Meanwhile, the second floors offer spacious 3-bedroom residences with a bath, living room, and dining room. Say goodbye to carpet headaches! This building is adorned with a sleek mix of hardwood and tile floors throughout, ensuring durability and easy maintenance for years to come. With current rents below market value, there’s ample room for growth. Two units are already occupied with month-to-month leases, while the first and third units presents an ideal opportunity for house hacking or securing new tenants at market rent. Benefit from upgrades including a brand-new back deck in 2023, a fully finished basement in 2021, plumbing and tuckpointing enhancements in 2020, electrical and window replacements in 2017, a roof repair also in 2020, new fence, new concrete. This means less hassle for you and increased appeal for potential renters. Situated in a rapidly evolving Auburn Gresham neighborhood, was selected as one of the priority communities for Chicago’s INVEST South/West commercial corridor improvement strategy. The creation of new retail and residential spaces, as well as the renovation of existing buildings to support local businesses and improve the neighborhood’s overall vitality. These efforts aim to stimulate economic growth, enhance infrastructure, and foster a vibrant community environment. Don’t miss out on this chance to capitalize on a thriving market and unlock the full potential of this investment opportunity. Schedule your viewing today.

Property Details

Price:
$395,000
MLS #:
MRD12651285
Status:
Active Under Contract
Beds:
10
Baths:
4
Type:
Multi Family
Neighborhood:
chiauburngresham
Listed Date:
May 18, 2026
Year Built:
1880
Chi – Auburn GreshamChiauburngresham

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Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Construction Materials
Brick
Parking Features
Assigned, Yes, Owned
Parking Spots
4
Parking Total
4
Roof
Flat

Financial

Tax Year
2024
Taxes
$3,890

Map

Community

Market Summary

Current real estate data for Multi Family in Chicago as of Jun 18, 2026
1,407
Multi Family Listed
80
Avg DOM
$532,403
Avg List Price

Property Summary

    7842-7844 S Union Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60620. It is listed for $395,000

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