7611 S Essex Avenue
Chicago, IL
$550,000
7611 S Essex Avenue
Chicago, IL 60649
$550,000
Reduced $49,000List Price
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About This Property
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. City violations on record - all repair work completed by seller in 2025; re-inspection pending only, no repair cost to buyer. Strong in-place income with value-add upside. Sold as-is. Proof of funds required.
Property Details
Key Facts
Price reduced
$550,000
−$20,000
Jun 9, 2026
Price reduced
$570,000
−$29,000
May 22, 2026
Listed for sale
MLS #MRD12626942
$599,000
Apr 24, 2026
Mortgage Estimate
$3,658
/monthLocation
South Shore · 7611 S Essex Avenue, Chicago, IL 60649
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7611 S Essex Avenue, Chicago, IL 60649
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Listing data is provided in part by Midwest Real Estate Data LLC (MRED). Information is deemed reliable but not guaranteed accurate and should be independently verified. Properties may be listed by brokerages other than Abode Real Estate. © 2026 Midwest Real Estate Data LLC. All rights reserved.
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