Active Under Contract

$249,000

7524 Ellis Avenue, Chicago, IL 60619
8 Beds2 Baths70 days
7524 Ellis Avenue·Chicago, IL 60619
8Bedrooms
2Bathrooms
1888Year Built
About This Home

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.

MLS# 12606267Listed April 7, 2026Residential IncomeSubdivision: Cornell
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms2
Total Rooms14

Size & Structure

Year Built1888
Lot Size0.070 acres

Location

CountyCook
TownshipHyde Park
SubdivisionCornell
Zip Code60619

Financial

List Price$249,000
Annual Taxes (2023)$1,055
Monthly Tax Est.$88
Parcel #20263030220000
Interior Features

Heating

Natural GasForced Air

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Storm Sewer

Water Source

Lake Michigan
Tax & Financial
Annual Taxes
$1,055
Tax Year 2023
Monthly Tax Est.
$88
per month
Property Location

7524 Ellis Avenue, Chicago, IL 60619Cook County

$249,000
7524 Ellis Avenue
8 bd2 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
70 days on market
0.070 acres
$1,055/yr taxes
$1,397
estimated monthly payment
Principal & Interest
$1,309/mo
Property Tax
$88/mo
$249,000
20% — $49,800
3%50%
6.875%
3%12%
Loan Amount
$199,200
Down Payment
$49,800

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

Listed by
Compass
Agent: Dan Nelson
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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