$399,000
7544 S Essex Avenue
Chicago, IL, 60649
INVESTOR DREAM – 3-Unit Brick in South Shore’s Transformation Zone Solid all-brick 3-flat. 9 beds, 3 baths, 3,200 sq ft of income potential. Same ownership for years – needs TLC and vision, not demolition. Separate utilities, full basement, layouts that rehab beautifully. INVEST South/West priority corridor ($280M+ city investment). Obama Presidential Center under construction minutes away – surrounding neighborhoods already seeing values double. THRIVE Exchange breaking ground blocks away. 71st Street initiative bringing new businesses and foot traffic. Potential rent $3,600-$4,200/mo post-rehab. Short sale, sold AS-IS, subject to lender approval. Cash or rehab loan preferred. This is the most strategically positioned multifamily on Chicago’s South Side right now. The investor who buys in 2026 will thank themselves in 2028.
Property Details
Price:
$399,000
MLS #:
MRD12724446
Status:
Active
Beds:
9
Baths:
3
Type:
Multi Family
Neighborhood:
chisouthshore
Listed Date:
Aug 4, 2026
Year Built:
1927
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Community Features
Gated, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Garage Spaces
3
Parking Features
Yes, Detached, Garage
Parking Spots
3
Parking Total
3
Financial
Tax Year
2024
Taxes
$6,469
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
Map
Current real estate data for Multi Family in Chicago as of Aug 08, 2026
1,425
Multi Family Listed
81
Avg DOM
$530,246
Avg List Price
Community
- Address7544 S Essex Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60649
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Property Summary
- 7544 S Essex Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60649. It is listed for $399,000 To schedule a showing of MLS#mrd12724446 at 7544 S Essex Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
Copyright 2026. All rights reserved.
7544 S Essex Avenue
Chicago, IL
