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$399,999

7544 Essex Ave

Chicago, IL
Active
9
Bedrooms
0.08
Lot Size (acres)
1927
Year Built
90
Days On Market

OWNER-OCCUPANT & INVESTOR VALUE-ADD OPPORTUNITY IN SOUTH SHORE! Not turnkey. Not overdone. Full of potential. This solid all-brick 3-flat offers approximately 3,200 sq ft, 9 bedrooms, 3 baths, separate utilities and a full basement-with an opportunity to create value through cosmetic renovation. Owner-occupants: Live in one unit while renting the other two, with anticipated rental potential of approximately $4,600/month from the two rented units, subject to market conditions and tenant demand. Investors: Three units create multiple income streams with anticipated rents of approximately $2,300 per unit, or $6,900/month when fully rented. The strategy is simple: BUY RENOVATE RENT BUILD EQUITY Financing options may include FHA 203(k), Conventional Rehab, Cash, or Hard Money, subject to lender/investor approval, property eligibility, borrower qualifications and applicable loan terms. Located in South Shore amid significant public and private investment, including INVEST South/West, the Obama Presidential Center, THRIVE Exchange and 71st Street corridor investment. Future impact is not guaranteed, but the level of investment makes this an opportunity worth a closer look. This is where the opportunity begins: bring your vision, improve the property and create the value. Short sale. Sold AS-IS. Subject to lender approval. If you're looking for a property where the upside comes from what YOU do with it, don't let this one pass without running the numbers. Anticipated rents are estimates for illustrative purposes only. Actual rents, expenses, renovation costs and values may vary. Financing is subject to lender approval, borrower qualification, property eligibility and applicable terms. Buyer to independently verify all information and projections.

Listing Information

Listing Updated
11 days ago
Listed By
Yolanda Martin · Century 21 IMPACT, 8152218400
MLS#
12724446
Source
Midwest Real Estate Data (MRED)
Status
Active

Facts & Features

Location

Community Information

Address
7544 S Essex Ave, Chicago, IL 60649
City
Chicago
County
Cook
Zip Code
60649

Architecture

Bedrooms
9
Year Built
1927
Construction Materials
Brick
Garage
Yes
Garage Spaces
3
Parking Features
Garage, Detached

Features & Amenities

Community Features
Gated, Sidewalks, Street Lights

Property Features

Lot Size
0.08 Acres
Sewer
Public Sewer

Tax & Financial Information

List Price
$399,999
Annual Taxes
$6,469

Schools

100/100
Bouchet Elementary Math & Science Academy
Elementary · Grades PK–08 · 0.6 mi
City
Chicago
Students
640
Student body
98% Black · 1% Two or More Races · 1% Hispanic / Latino
Free/reduced lunch
99%
Phone
(773) 535-0501
100/100
Art in Motion Charter School
High · Grades 07–12 · 1 mi
City
Chicago
Students
388
Student body
96% Black · 3% Hispanic / Latino · 1% Two or More Races
Free/reduced lunch
73%
Phone
(773) 820-9426
98/100
Coles Elementary Language Academy
Elementary · Grades PK–08 · 1.1 mi
City
Chicago
Students
493
Student body
97% Black · 3% Hispanic / Latino · 1% Two or More Races
Free/reduced lunch
96%
Phone
(773) 535-6550
64/100
Great Lakes Academy Charter Elementary School
Elementary · Grades KG–08 · 1.1 mi
City
Chicago
Students
538
Student–teacher
15.8
Parent reviews
5.0★ avg · 2 reviews
Student body
90% Black · 8% Hispanic / Latino · 2% Two or More Races
Free/reduced lunch
86%
Phone
(773) 503-3040
55/100
Powell Elementary Paideia Community Academy
Elementary · Grades PK–08 · 0.4 mi
City
Chicago
Students
586
Student body
97% Black · 2% Hispanic / Latino · 0% White
Free/reduced lunch
97%
Phone
(773) 535-6650
53/100
Excel Academy of South Shore
High · Grades 09–12 · 0.4 mi
City
Chicago
Students
145
Student body
90% Black · 9% Hispanic / Latino · 1% Two or More Races
Free/reduced lunch
95%
Phone
(773) 902-7800
53/100
Bradwell Community Arts & Sci Elementary School
Elementary · Grades PK–08 · 0.4 mi
City
Chicago
Students
490
Student body
98% Black · 1% Hispanic / Latino · 0% White
Free/reduced lunch
99%
Phone
(773) 535-6600
53/100
OKeeffe Elementary School
Elementary · Grades PK–08 · 0.9 mi
City
Chicago
Students
666
Student body
96% Black · 2% Hispanic / Latino · 1% Two or More Races
Free/reduced lunch
98%
Phone
(773) 535-0600

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
10/17/2026Price change$399,999
08/05/2026Listed for sale$399,000

Listed by Yolanda Martin · Century 21 IMPACT · 8152218400

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: October 22, 2026 at 5:09 AM | Source: Midwest Real Estate Data (MRED) | MLS#: 12724446

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