7140 South Eberhart, Chicago IL 60619
$344,900

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Property Description

This is a rare opportunity to own a Chicago 2 flat without the hassle of renovation or paying post-flip pricing. These types of properties almost never come to market! Solid brick 2-unit flat in Grand Crossing offering more than just a place to live - it presents a strategic house-hack opportunity. Live in one unit-rent the other to long-term or short-term tenants. Own for less than what you might pay in rent, build equity, and have long-term financial stability. | Property includes a detached 2-car garage, fenced backyard with 2 patios, outdoor electrical, and evergreen trees for privacy from the alley. The backyard is well-manicured, with a mature tree that provides shade on sunny days. Both units have outdoor porch spaces suitable for patio furniture. The property has been outfitted with custom wrought iron security doors, front and back spigots, ring cameras in front and rear, outdoor electrical, outdoor motion lights, and front porch light timer. | The first floor unit is in move-in ready for an owner-occupant. The second floor features an updated kitchen and bath, tree top views, and tons of natural light. Both units have original hardwood flooring, picture windows. | Current ownership has leveraged second floor income by renting to medical professionals seeking housing while on contract at one of the numerous hospitals in the area. This building can function as both a residence and an income-supporting asset. | Whether your goal is reducing your housing expense, generating supplemental income, or expanding your portfolio, this property offers built-in versatility. | Location Advantages: Conveniently located near Jackson Park Hospital, University of Chicago Hospital, St Bernard Hospital, Provident Hospital of Cook County, and a short distance from Advocate Trinity Hospital. The building is also situated near the Dan Ryan Expressway, a short distance to Lake Shore Drive, The Obama Library Campus, the Museum of Science and Industry, a number of grocery stores, Jackson Park, Washington Park, and easy access to the Chicago Transit Authority bus and train line. | Important Details: Property sold AS IS. A strategic opportunity for shrewd buyers who understand the power of ownership, leverage, and long-term upside.

Features & Information

Key Details

  • List Price $344,900
  • Property Taxes $3,716.82
  • Price/ Sq. Ft. Unavailable
  • Year Built 1923
  • Parking Type Garage
  • Status New

Rooms

  • Total Rooms 12
  • Basement F

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  2

Building Information

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

  • Unit 1 Stove, Refrigerator
  • Unit 2 Stove, Refrigerator

Location

  • County Cook
  • Township South Chicago
  • Corporate Limits Chicago
  • Directions to Property 71st Street East Or West To Eberhart South To Address
  • Schools

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

  • Tax 3716.82
  • Tax Year 2024
  • Tax Exemptions Homeowner
  • Parcel Identification Number 20272010340000

Utilities

  • Sewer Sewer-Publ

Listed by: EXIT Strategy Realty | Phone: 312.554.5478
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 3/4/2026 12:32 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 Park Manor

Park Manor is a south side Chicago neighborhood with well-kept single-family homes, plentiful schools, and easy transportation options. Cradled between two of the city's major highways and the Red Line branch of the “El” train system, residents in Park Manor have no trouble getting from point A to point B. Traveling within the neighborhood borders will reveal a love for hearty American restaurants that serve up all the comfort foods, from barbeque ribs to the traditional turkey club. Aside from getting a bite to eat, Park Manor residents have the benefit of a handful of retail developments and shops. The nightlife in Park Manor is rather lively, sporting several bars and lounges.

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