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7524 S Ellis Avenue , Chicago, IL 60619

$249,000
  • 7524 S Ellis Avenue , Chicago, IL 60619 Main Photo

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New to the Market New
BEDS8 BATHS2 full MLS#12606267
STATUSNew PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCornell SCHOOLDistrict 299

Property Description

Excellent cash-flowing investment opportunity on Chicago's South Side. This legal 2-unit property features two incredibly spacious units, each with 4 bedrooms and 1 bathroom, making it highly attractive for strong rental demand. Previously updated with modern finishes throughout, the units include 42-inch espresso kitchen cabinets, granite countertops, and stylish glass/stone backsplashes. Bathrooms feature updated vanities, lighting, fixtures, and mirrors. Major improvements include a brand-new roof (2026) and newer copper plumbing, electrical, HVAC systems, and water heaters. Each unit has separate utilities, making it an efficient investment property. The property also features a full unfinished basement with 7-foot ceilings, offering excellent value-add potential for a future additional unit or continued use as storage and laundry space. It is conveniently located near expressways, schools, shopping, and public transportation, just a few minutes from Hyde Park and downtown Chicago. Taxes are low, with no homeowner exemption currently applied. This is a rare opportunity where space, updates, and income potential come together. It is a perfect addition to any rental portfolio or ideal for owner-occupants.

7524 S Ellis Avenue | MLS# 12606267

This multi-family property located at 7524 S Ellis Avenue , Chicago, IL 60619 is currently listed for sale with an asking price of $249,000. S Ellis Avenue is located within the District 299 school district. Search Chicago real estate on dkarns.gogambino.com today.

Upcoming Open Houses

Open House Sunday April 12th, 12:00pm - 2:00pm

Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished, Full
Basement: Yes
Heating: Natural Gas, Forced Air
Lot Size: 0.07 Acres
Taxes: $1,055
Year Built: 1888

Feature Descriptions

Exterior: Brick
Lot Dimensions: less than .25
Parcel#: 20263030220000
Sewer: Storm Sewer
Total Rooms: 14
Township: Hyde Park
Water: Lake Michigan

Local Schools

School District: District 299

Listed By / Shown By

Listed By

Agency Name: Compass
Agency Phone: 773-466-7150

Shown By

Agent Name: Dawn Karns
Agent Phone: (815) 494-6507
Agency Title: Gambino Realtors

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Estimated Payment

$ 1,291.58 per month $1,131.04 Principal & Interest $87.92 Property Tax $72.63 Homeowner's Insurance

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