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
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Construction Materials
Brick
Financial
Tax Year
2023
Taxes
$1,055
Map
Community
- Address7524 S Ellis Avenue Chicago IL
- SubdivisionCornell
- CityChicago
- CountyCook
- Zip Code60619
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
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Copyright 2026. All rights reserved.
7524 S Ellis Avenue
Chicago, IL


