7422 S Blackstone Avenue, Chicago IL 60619
$395,000

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Property Description

Welcome to the charming, income-generating 2-unit building in South Shore offering 8 bedrooms, 3 bathrooms, and a 2-car garage with a party door. The property features a 3-bedroom upper-level unit currently rented for $1,300/month, providing immediate rental income and strong potential for growth. The first-floor unit is duplexed to the basement and offers an expansive 5-bedroom, 3-bathroom layout with spacious bedrooms, hardwood floors, and stainless steel appliances. The first-floor unit has an estimated rental potential of $2,500-$2,700/month, making this an attractive opportunity for an investor or owner-occupant looking to maximize the property's income potential. With ease of access to Obama Presidential Center, University of Chicago, Jackson Park Hospital, the Illinois Tollway, Lake Shore Drive, Metra, and several commuter bus routes including 6, 28, 71, and 75, this may be the most convenient (and attractive) choice for you and/or your future tenants. The property is being offered as-is with a premium warranty covering major systems, appliances, correction of code violations, permits and modifications. The owner will address lender-required repairs as needed to facilitate financing. This is a solid opportunity for buyers seeking space, rental income, and long-term upside in a highly coveted location. If you're serious about taking the next step, contact me to schedule your showing today.

Features & Information

Key Details

  • List Price $395,000
  • Property Taxes $2,753
  • Year Built 1898
  • Status New
  • List Market Time 5

Units

  • Unit 1

  • Floor 1
  • Rooms 11
  • Beds 5
  • Baths 3
  • Appliances Stove, Refrigerator, Washer, Dryer, Microwave, Window Air Conditioner, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet
  • Tenant Pays Electric,Gas,Heat
  • Lease Expires VAC
  • Unit 2

  • Floor 2
  • Rooms 7
  • Beds 3
  • Baths 1
  • Appliances Stove, Refrigerator
  • Rent $1,300/mo
  • Tenant Pays Electric,Gas,Heat
  • Lease Expires 12/31

Exterior Features

  • Parking

  • # of Cars:  2

Building Information

  • Number of Units 2
  • Age of Building 100+ Years

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property Head West On East 75th St Toward Blackstone Ave. Turn North Onto Blackstone Ave. Continue North To The Property Address.
  • Schools

  • Elementary School District 151
  • Junior High District 299
  • High School District: 299
  • School Name Chicago Vocational Career Acad S
  • Property Taxes

  • Tax 2753
  • Tax Year 2023
  • Parcel Identification Number 20262280240000

Listed by Alisha Harris for Ellison Parker Realty | 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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