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$ 570,000
Est. payment /mo
Price Dropped by $29K
7611 S Essex AVE Chicago, IL 60649
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12626942
Maintenance Fees $24,694
Year Built 1926
Annual Tax Amount $10,520
Tax Year 2024
Lot Dimensions 50x125
Property Sub-Type Multi Family 5+
Property Description
Six 3BR/2BA units | 5/6 units occupied | rents $1,150-$1,700/mo | 2025 rent income $81,418 | NOI ~$38,500 | Current rents below market with clear upside as leases roll. Solid brick building, hardwood floors throughout, gated front yard, on-site parking. City violations on record - all repair work completed by seller in 2025; re-inspection pending only, no repair cost to buyer. Strong in-place income with value-add upside. Sold as-is. Proof of funds required.
Location
State IL
County Cook
Area Chi - South Shore
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling None
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Yuliya Onyshchuk of Marblestone Property Group LLC