7524 S Ellis Ave

Chicago IL 60619

0.07 ac.

Multi-Family

Currently for sale - view listing

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

Property history for 7524 S Ellis Ave

2016

Sold

$190,000

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

2016

Sold

$29,000

15 Feb 2016

2014

Sold

$20,000

04 Jul 2014 by Barbara Thouvenell, of P.R.S. Associates, Inc.

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