7304 S Union Avenue
Chicago, IL, 60621
$460,000
3 Beds
2 Baths
0 SqFt
0.12 Acres
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$460,000
7304 S Union Avenue
Chicago, IL, 60621
MLS #MRD12500883 image #0MLS #MRD12500883 image #1MLS #MRD12500883 image #2MLS #MRD12500883 image #3MLS #MRD12500883 image #4MLS #MRD12500883 image #5MLS #MRD12500883 image #6MLS #MRD12500883 image #7MLS #MRD12500883 image #8MLS #MRD12500883 image #9MLS #MRD12500883 image #10MLS #MRD12500883 image #11MLS #MRD12500883 image #12MLS #MRD12500883 image #13MLS #MRD12500883 image #14MLS #MRD12500883 image #15MLS #MRD12500883 image #16MLS #MRD12500883 image #17MLS #MRD12500883 image #18MLS #MRD12500883 image #19MLS #MRD12500883 image #20MLS #MRD12500883 image #21MLS #MRD12500883 image #22
Discover an exceptional investment opportunity in Chicago’s South Side – a meticulously maintained 6-unit brick property at 7304 S Union. This updated, character-filled building showcases timeless curb appeal, secure gated entry, and a welcoming foyer. Three of the six units are currently occupied by long-term (month-to-month) tenants paying rents substantially below market, creating substantial upside through future rent adjustments. The remaining three units have been fully renovated and are move-in ready, allowing immediate leasing at market rates and strong near-term income growth. Whether you’re an experienced investor seeking reliable cash flow with clear value-add potential or a new entrant looking for a manageable, high-performing asset, this property checks every box. With its durable construction, stabilized occupancy, and opportunity for income optimization, it comes with excellent cash-on-cash returns and long-term appreciation potential. Competitively priced, this is a rare chance to secure a turnkey, income-producing property with built-in upside.

Property Details

Price:
$460,000
MLS #:
MRD12500883
Status:
Active
Beds:
3
Baths:
2
Type:
Commercial
Neighborhood:
chienglewood
Listed Date:
Oct 21, 2025
Total Sq Ft:
7,902
Lot Size:
5,000 sqft / 0.12 acres (approx)
Year Built:
1916
Chi – EnglewoodChienglewood

Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$68,315
Tax Year
2023
Taxes
$3,165
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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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Current real estate data for Commercial in Chicago as of Oct 29, 2025
1,117
Commercial Listed
166
Avg DOM
157
Avg $ / SqFt
$1,043,334
Avg List Price

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Property Summary

    7304 S Union Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60621. It is listed for $460,000 To schedule a showing of MLS#mrd12500883 at 7304 S Union Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
7304 S Union Avenue
Chicago, IL