7524 S Ellis Ave

Off Market

7524 S Ellis Ave

Chicago IL 60619

0.07 ac.

Multi-Family

Last sold for $279,538

Dan Nelson, last sold this property on 27 July 2026 after 110 days on market.

Overview

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.

Features

8 bedrooms

2 bathrooms

0.07 ac. lot size

Multi-Family

Estimated Value

Based on this property and similar 8 bedroom multi families sold in Chicago over the last 12 months, the estimated median property value of 7524 S Ellis Ave is $376.45k.

Median value

$376.45k

Estimated value range

$279.54k - $440k

Median days on market

Estimated value trend

-9%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 7524 S Ellis Ave

2026

Sold

$279,538

27 Jul 2026 by Dan Nelson, of Compass

2016

Sold

$190,000

29 Aug 2016 by Sundeep Lamba, of Publix Realty, Inc.

2016

Sold

$29,000

15 Feb 2016

Happy sellers in Chicago

We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.

Local market activity for 8 bedroom multi families in Chicago

In the last 12 months, 4 eight-bedroom multi families similar to 7524 S Ellis Ave, have been sold.

This represents a 38% increase in eight-bedroom multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Chicago for a market analysis.

Sebastian J Hernandez

at Baird & Warner

(110 reviews)

Get a market analysis

Dominique Dixon

at Coldwell Banker Realty

(3 reviews)

Get a market analysis

Shari Johnson

at RAMM Real Estate Group

(17 reviews)

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Rollie Jones

at Century 21 S.G.R., Inc.

(9 reviews)

Get a market analysis

Nearby agents

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Sebastian J Hernandez

Sellers who recommend Sebastian J Hernandez have praised them for being clear communication, responsive, local expert, patient, reliable, supportive, and attentive