$550,000
7611 S Essex Avenue
Chicago, IL, 60649
Six 3BR/2BA units | 5/6 units occupied | rents $1,150-$1,700/mo | 2025 rent income $81,418 | NOI ~$38,500 | Current rents below market with clear upside as leases roll. Solid brick building, hardwood floors throughout, gated front yard, on-site parking. Property requires substantial rehabilitation and is offered strictly AS-IS. Investor opportunity with multiple units. Seller makes no representation regarding condition, code compliance, unit legality, occupancy status or future development potential. Buyer responsible for independent due diligence.
Property Details
Price:
$550,000
MLS #:
MRD12626942
Status:
Active
Beds:
3
Baths:
2
Type:
Commercial
Neighborhood:
chisouthshore
Listed Date:
Apr 23, 2026
Year Built:
1926
Schools
Interior
Cooling
None
Exterior
Construction Materials
Brick
Stories
3
Financial
Maintenance Fee
$24,694
Tax Year
2024
Taxes
$10,520
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 Aug 18, 2026
938
Commercial Listed
183
Avg DOM
$1,006,810
Avg List Price
Community
- Address7611 S Essex Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60649
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Property Summary
- 7611 S Essex Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60649. It is listed for $550,000 To schedule a showing of MLS#mrd12626942 at 7611 S Essex Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
Copyright 2026. All rights reserved.
7611 S Essex Avenue
Chicago, IL
