7544 S Essex Avenue, Chicago IL 60649
Property Description
INVESTOR DREAM - 3-Unit Brick in South Shore's Transformation Zone Solid all-brick 3-flat. 9 beds, 3 baths, 3,200 sq ft of income potential. Same ownership for years - needs TLC and vision, not demolition. Separate utilities, full basement, layouts that rehab beautifully. INVEST South/West priority corridor ($280M+ city investment). Obama Presidential Center under construction minutes away - surrounding neighborhoods already seeing values double. THRIVE Exchange breaking ground blocks away. 71st Street initiative bringing new businesses and foot traffic. Potential rent $3,600-$4,200/mo post-rehab. Short sale, sold AS-IS, subject to lender approval. Cash or rehab loan preferred. This is the most strategically positioned multifamily on Chicago's South Side right now. The investor who buys in 2026 will thank themselves in 2028.
Features & Information
Key Details
- List Price $425,000
- Property Taxes $6,469
- Year Built 1927
- Status Price Change
- List Market Time 14
Units
-
Unit 1
- Floor 1
- Rooms 6
- Beds 3
- Baths 1
- Appliances None
- Rent $1,450/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires M/M
-
Unit 2
- Floor 2
- Rooms 6
- Beds 3
- Baths 1
- Appliances None
- Rent $1,450/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires M/M
-
Unit 3
- Floor 0
- Rooms 6
- Beds 3
- Baths 1
- Appliances None
- Rent $1,450/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires M/M
Exterior Features
-
Parking
- # of Cars: 3
Building Information
- Number of Units 3
- Age of Building 91-100 Years
Location
- County Cook
- Township South Chicago
- Corporate Limits Chicago
- Directions to Property Take Stony Island Ave Or The Chicago Skyway/lake Shore Dr South To 75th Street, Head East On 75th St To S Yates Blvd, Turn South To 75th St/essex Intersection, Then Turn East Onto Essex Ave.
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 6469.26
- Tax Year 2024
- Tax Exemptions None
- Parcel Identification Number 21303010210000
Listed by Yolanda Martin for Century 21 IMPACT | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/24/2026 11:32 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 South Shore
Historic parks and extensive beaches meet down-to-earth, affordable living in this beautiful south side Chicago neighborhood. South Shore is a sprawling community that encompasses expansive public recreation space and ambitious civic organizations. The neighborhood cultural center acts as a hub for outdoor amusement with lengthy walking trails, a bird sanctuary, all-ages sports programs, and waterfront grounds that offer breathtaking views of downtown Chicago. When night falls in the summer, movies and live music take place at the center, bringing neighbors and families together. A healthy retail corridor along 71st Street gives the area a cosmopolitan touch and the selection of down-home cooking available at the restaurants in South Shore is enough to satisfy any comfort food craving.
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