Closed

$65,000

7042 Morgan Street, Chicago, IL 60621
2 Beds2 Baths41 days
7042 Morgan Street·Chicago, IL 60621
2Bedrooms
2Bathrooms
1900Year Built
About This Home

Welcome to this 2-unit value add investment opportunity! This multi-unit requires a full-renovation opportunity for investors, rehabbers, or owner-occupants looking to add value through a complete property transformation! The building requires a full rehab, making it ideal for those seeking to customize layouts, finishes, and systems to today's rental or owner-occupied standards. The property features a classic layout that lends itself well to modern unit reconfiguration. Once renovated, the building has strong potential for increased rental income or a live-in investment strategy. Bring your renovation ideas and begin cash flowing on this property or fix up and sell to end buyer! Lots of potential in the neighborhood and property! Conveniently located near public transportation, neighborhood retail, schools, and major roadways, the property benefits from accessibility and ongoing investor activity in the surrounding area. This is an excellent opportunity to acquire a renovation project with upside in an established Chicago neighborhood!

MLS# 12524351Listed December 18, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms2
Total Bathrooms2
Total Rooms5

Size & Structure

Garage Spaces2
Year Built1900
Lot Size3,750

Location

CountyCook
TownshipHyde Park
Zip Code60621

Financial

List Price$65,000
Annual Taxes (2023)$739
Monthly Tax Est.$62
Parcel #20204270300000
Interior Features

Heating

Natural Gas

Basement

UnfinishedFull
Exterior & Lot

Construction

Vinyl Siding
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

YesGarage OwnedDetachedGarage
Tax & Financial
Annual Taxes
$739
Tax Year 2023
Monthly Tax Est.
$62
per month
Property Location

7042 Morgan Street, Chicago, IL 60621 — Cook County

$65,000
7042 Morgan Street
2 bd2 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
41 days on market
2-car garage
3,750
$739/yr taxes
$403
estimated monthly payment
Principal & Interest
$342/mo
Property Tax
$62/mo
$65,000
20% — $13,000
3%50%
6.875%
3%12%
Loan Amount
$52,000
Down Payment
$13,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Keller Williams ONEChicago
Agent: Rashauna Scott
Similar Homes

You May Also Like

Keep Exploring

Find Your Perfect Home

Browse available listings in Chicago and across the North Shore.

Also popular on the North Shore

REALTOR® Logo
Equal Housing Opportunity LogoEqual Housing Opportunity

Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy.

© 2026 MLS GRID. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use.