7924 South Peoria, Chicago IL 60620
$489,900

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Property Description

Welcome to 7924 S Peoria St, a fantastic 3 unit building situated in a vibrant neighborhood just minutes from downtown Chicago and public transportation. This well maintained property is perfect for both homeowners and savvy investors looking to capitalize on the thriving rental market. Unit 1 is currently vacant, offering a blank canvas for new owners or tenants to personalize their space. This unit features beautiful hardwood floors throughout and stainless steel kitchen appliances, enhancing the warm and inviting atmosphere. Unit 2 is Occupied by a reliable tenant with a lease that extends until July 2026, providing steady rental income. This unit also has hardwood floors and stainless steel kitchen appliances. What makes this unit unique is that it has a den area that's perfect for an office space, along with access to a walk-out balcony, ideal for relaxing with a morning cup of coffee or enjoying evening sunsets. The basement Unit is occupied by a tenant on a month-to-month lease, allowing for flexibility if you choose to move in or make adjustments to the rental strategy. Each unit is equipped with its own washer and dryer, adding convenience for tenants while keeping utility expenses manageable-tenants are responsible for their own gas and electric bills. Outside, the spacious backyard offers plenty of room for small gatherings and enjoyment, allowing tenants a great outdoor space to unwind. The property's 3 car garage provides each tenant with a designated parking spot, ensuring comfort and convenience. This property is an exceptional investment opportunity with strong rental potential on well desired block. Don't miss your chance to own a piece of Chicago real estate that combines practicality with desirable features!

Features & Information

Key Details

  • List Price $489,900
  • Property Taxes $7,232.66
  • Price/ Sq. Ft. Unavailable
  • Year Built 1910
  • Parking Type Garage
  • Status Active

Rooms

  • Total Rooms 11
  • Basement F

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  3
  • # of Garage Spaces:  Garage Door Opener(s),Transmitter(s)

Building Information

  • Number of Units 3
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Heating & Cooling Gas, 2+ Sep Heating Systems
  • Units

  • Unit 1 Stove, Refrigerator, Microwave, Fireplace-Wood, Garage/Space, Hardwood Floors
  • Unit 2 Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Fireplace-Wood, Garage/Space, Hardwood Floors
  • Unit 3 Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Fireplace-Wood, Garage/Space, Laundry Hook-Up, Hardwood Floors

Location

  • County Cook
  • Township Lake
  • Corporate Limits Chicago
  • Directions to Property 79th Street To Peoria, South To Address
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 7232.66
  • Tax Year 2024
  • Tax Exemptions None
  • Parcel Identification Number 20322050190000

Utilities

  • Sewer Sewer-Publ

Listed by: Coldwell Banker Realty | Phone: 708.424.4000
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 1/31/2026 12:02 PM. 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. Properties may or may not be listed by the office/agent presenting the information.

Explore Gresham

The heart of the south side of Chicago, Gresham is a neighborhood in transition with a bright future ahead and a rich history behind it. Community groups and public parks are on the front lines of revitalization. Providing a place for Gresham residents of all ages to participate in sports and be active, the neighborhood parks offer numerous programs and even a 12-lane bowling alley – to cover every recreational interest. Adult social clubs, teen groups and day camps for kids all encourage community bonding and are a great way to meet the neighbors. Some of the park facility programs focus on personal fitness with aquatic exercise classes and workout centers, but mostly the Chicago Park District works to supply places where Gresham residents can hangout and have fun with fellow community members.

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