7950 S Lafayette Avenue
Chicago, IL, 60620
$380,000
6 Beds
4 Baths
0 SqFt
0.08 Acres
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$380,000
7950 S Lafayette Avenue
Chicago, IL, 60620
MLS #MRD12497699 image #0MLS #MRD12497699 image #1MLS #MRD12497699 image #2MLS #MRD12497699 image #3MLS #MRD12497699 image #4MLS #MRD12497699 image #5MLS #MRD12497699 image #6MLS #MRD12497699 image #7MLS #MRD12497699 image #8MLS #MRD12497699 image #9MLS #MRD12497699 image #10MLS #MRD12497699 image #11MLS #MRD12497699 image #12MLS #MRD12497699 image #13MLS #MRD12497699 image #14MLS #MRD12497699 image #15MLS #MRD12497699 image #16
This building is designed as two mirror image units, each with 3 bedrooms and 1.5 bathrooms, making it ideal for investors seeking stable rental income. Each unit includes: A welcoming living area with large windows for natural light. Hardwood flooring throughout, giving warmth and character to each space. Twin-unit configuration offers reliable dual income streams Hardwood floors add charm and reduce immediate renovation costs Unfinished basement provides flexibility for value-add improvements Onsite parking (four spaces) is a valuable commodity in urban settings Strong walk and transit scoring enhance occupant desirability Reasonably priced entry point for multifamily investors in Chicago The full basement is open and unfinished, offering flexibility for future build-out – whether that’s converting to additional living space, storage, or installing building mechanicals.

Property Details

Price:
$380,000
MLS #:
MRD12497699
Status:
Active
Beds:
6
Baths:
4
Type:
Multi Family
Neighborhood:
chichatham
Listed Date:
Oct 20, 2025
Year Built:
1970
Chi – ChathamChichatham

Schools

School District:
299

Interior

Heating
Natural Gas, Baseboard

Exterior

Construction Materials
Brick
Parking Features
Off Alley, On Site, Owned
Parking Spots
4

Financial

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 Multi Family in Chicago as of Nov 15, 2025
1,514
Multi Family Listed
82
Avg DOM
$495,992
Avg List Price

Community

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Property Summary

    7950 S Lafayette Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60620. It is listed for $380,000 To schedule a showing of MLS#mrd12497699 at 7950 S Lafayette Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
7950 S Lafayette Avenue
Chicago, IL