7250 S Langley Avenue
Chicago, IL, 60619
$380,000
Beds
0 Baths
3,660 SqFt
0.07 Acres
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$380,000
7250 S Langley Avenue
Chicago, IL, 60619
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Position yourself for success with this solid 7-unit brick building, ideally located in Chicago’s rapidly growing Greater Grand Crossing neighborhood – just minutes from the new Obama Presidential Library, Metra stations, shopping, and public transportation. This is the kind of high-potential investment opportunity that serious buyers move quickly on. The building consists of six spacious 1-bedroom, 1-bath units and one large 3-bedroom, 1-bath unit, offering an excellent rental mix to attract a variety of tenants. Major improvements have already been taken care of, including a brand-new roof in 2023, new front windows installed in 2020, and three new furnaces added the same year, giving you peace of mind and reducing future maintenance costs. Tenants are responsible for their own gas and electric, while the owner covers water, common gas, and lighting expenses. There is also a detached 2-car garage for added convenience, laundry facilities in the basement, and untapped potential to add an additional unit to further boost your income. Currently, three units are rented while four units are vacant, presenting the perfect scenario for both immediate cash flow and future rent growth after light improvements. Some updating has already been completed, allowing you to step in and tailor the property to maximize returns. This property is being sold as-is and offers a golden opportunity to secure a valuable income-producing asset in an area on the brink of major revitalization. With solid fundamentals, prime location, and endless upside, this is the kind of deal that smart investors recognize – and act on – fast. Don’t let this opportunity pass you by. Schedule your showing today and start building your future wealth!

Property Details

Price:
$380,000
MLS #:
MRD12349032
Status:
Active
Beds:
0
Baths:
0
Address:
7250 S Langley Avenue
Type:
Commercial
Neighborhood:
CHI – Greater Grand Crossing
City:
Chicago
Listed Date:
Apr 27, 2025
State:
IL
Finished Sq Ft:
3,660
Total Sq Ft:
3,660
ZIP:
60619
Lot Size:
3,472 sqft / 0.07 acres (approx)
Year Built:
1888

Schools

Interior

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$45,000
Tax Year
2023
Taxes
$2,532
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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7250 S Langley Avenue
Chicago, IL