7524 S Ellis Avenue
Chicago, IL, 60619
$249,000
8 Beds
2 Baths
0 SqFt
0.07 Acres
Add
MLS #MRD12606267 image #0
Excellent cash-flowing investment opportunity on Chicago’s South Side. This legal 2-unit property features two incredibly spacious units, each with 4 bedrooms and 1 bathroom, making it highly attractive for strong rental demand. Previously updated with modern finishes throughout, the units include 42-inch espresso kitchen cabinets, granite countertops, and stylish glass/stone backsplashes. Bathrooms feature updated vanities, lighting, fixtures, and mirrors. Major improvements include a brand-new roof (2026) and newer copper plumbing, electrical, HVAC systems, and water heaters. Each unit has separate utilities, making it an efficient investment property. The property also features a full unfinished basement with 7-foot ceilings, offering excellent value-add potential for a future additional unit or continued use as storage and laundry space. It is conveniently located near expressways, schools, shopping, and public transportation, just a few minutes from Hyde Park and downtown Chicago. Taxes are low, with no homeowner exemption currently applied. This is a rare opportunity where space, updates, and income potential come together. It is a perfect addition to any rental portfolio or ideal for owner-occupants.

Property Details

Price:
$249,000
MLS #:
MRD12606267
Status:
Active Under Contract
Beds:
8
Baths:
2
Type:
Multi Family
Subdivision:
Cornell
Neighborhood:
chigreatergrandcrossing
Listed Date:
Apr 7, 2026
Year Built:
1888
Chi – Greater Grand CrossingChigreatergrandcrossingCornell

Ask a Question

See this Listing

Send
  

Schools

School District:
299

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Brick

Financial

Tax Year
2023
Taxes
$1,055

Map

Community

Market Summary

Current real estate data for Multi Family in Chicago as of Jun 16, 2026
1,400
Multi Family Listed
80
Avg DOM
$531,075
Avg List Price

Property Summary

    Located in the Cornell subdivision, 7524 S Ellis Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60619. It is listed for $249,000

Similar Listings Nearby

broker reciprocity
MLS# MRD12636845broker reciprocity
3017 E 83rd Street
Chicago, IL

$320,000

2.7 miles away

broker reciprocity
MLS# MRD12638008broker reciprocity
6822 S Langley Avenue
Chicago, IL

$320,000

1.0 miles away

broker reciprocity
MLS# MRD12556100broker reciprocity
7424 S Calumet Avenue
Chicago, IL

$320,000

0.9 miles away

broker reciprocity
MLS# MRD12669534broker reciprocity
5721 S Hermitage Avenue
Chicago, IL

$319,999

4.1 miles away

broker reciprocity
MLS# MRD12659539broker reciprocity
6837 S Morgan Street
Chicago, IL

$319,000

2.6 miles away

broker reciprocity
MLS# MRD12665697broker reciprocity
8942 S Baltimore Avenue
Chicago, IL

$319,000

3.2 miles away

broker reciprocity
MLS# MRD12673343broker reciprocity
2711 E 93rd Street
Chicago, IL

$319,000

3.1 miles away

broker reciprocity
MLS# MRD12615145broker reciprocity
8601 S Kingston Avenue
Chicago, IL

$315,000

2.4 miles away

broker reciprocity
MLS# MRD12655128broker reciprocity
3221 E 91st Street
Chicago, IL

$314,900

3.4 miles away

broker reciprocity
MLS# MRD12579664broker reciprocity
8548 S Manistee Avenue
Chicago, IL

$310,000

2.6 miles away

7524 S Ellis Avenue
Chicago, IL