Active

$425,000

7544 Essex Avenue, Chicago, IL 60649
9 Beds3 Baths29 days
7544 Essex Avenue·Chicago, IL 60649
9Bedrooms
3Bathrooms
1927Year Built
About This Home

OWNER-OCCUPANT & INVESTOR VALUE-ADD OPPORTUNITY IN SOUTH SHORE! Not turnkey. Not overdone. Full of potential. This solid all-brick 3-flat offers approximately 3,200 sq ft, 9 bedrooms, 3 baths, separate utilities and a full basement-with an opportunity to create value through cosmetic renovation. Owner-occupants: Live in one unit while renting the other two, with anticipated rental potential of approximately $4,600/month from the two rented units, subject to market conditions and tenant demand. Investors: Three units create multiple income streams with anticipated rents of approximately $2,300 per unit, or $6,900/month when fully rented. The strategy is simple: BUY RENOVATE RENT BUILD EQUITY Financing options may include FHA 203(k), Conventional Rehab, Cash, or Hard Money, subject to lender/investor approval, property eligibility, borrower qualifications and applicable loan terms. Located in South Shore amid significant public and private investment, including INVEST South/West, the Obama Presidential Center, THRIVE Exchange and 71st Street corridor investment. Future impact is not guaranteed, but the level of investment makes this an opportunity worth a closer look. This is where the opportunity begins: bring your vision, improve the property and create the value. Short sale. Sold AS-IS. Subject to lender approval. If you're looking for a property where the upside comes from what YOU do with it, don't let this one pass without running the numbers. Anticipated rents are estimates for illustrative purposes only. Actual rents, expenses, renovation costs and values may vary. Financing is subject to lender approval, borrower qualification, property eligibility and applicable terms. Buyer to independently verify all information and projections.

MLS# 12724446Listed August 4, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms9
Total Bathrooms3
Total Rooms18

Size & Structure

Garage Spaces3
Year Built1927
Lot Size0.080 acres

Location

CountyCook
TownshipSouth Chicago
Zip Code60649

Financial

List Price$425,000
Annual Taxes (2024)$6,469
Monthly Tax Est.$539
Parcel #21303010210000
Interior Features

Heating

Natural Gas

Basement

Partially FinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

YesDetachedGarage
HOA & Community

Community Features

GatedSidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$6,469
Tax Year 2024
Monthly Tax Est.
$539
per month
Property Location

7544 Essex Avenue, Chicago, IL 60649 — Cook County

$425,000
7544 Essex Avenue
9 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
29 days on market
3-car garage
0.080 acres
$6,469/yr taxes
$2,773
estimated monthly payment
Principal & Interest
$2,234/mo
Property Tax
$539/mo
$425,000
20% — $85,000
3%50%
6.875%
3%12%
Loan Amount
$340,000
Down Payment
$85,000

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

Listed by
Century 21 IMPACT
Agent: Yolanda Martin
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.