7524 S Ellis AVE, Chicago, IL 60619
7524 S Ellis AVE, Chicago, IL 60619
7524 S Ellis AVE, Chicago, IL 60619
36
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$249,000
Est. payment /mo
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8 Beds
2 Baths
3,049 Sqft Lot
Active

7524 S Ellis AVE Chicago, IL 60619

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Ariel Manlapaz

Ariel Manlapaz

+1(847) 924-7177

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

Subdivision Cornell

MLS Listing ID 12606267

Bedrooms 8

Year Built 1888

Annual Tax Amount $1,055

Tax Year 2023

Lot Size 3,049 Sqft

Lot Dimensions less than .25

Property Sub-Type Two to Four Units

Property Description

Excellent cash-flowing investment opportunity on Chicago's South Side. This legal 2-unit property features two incredibly spacious units, each with 4 bedrooms and 1 bathroom, making it highly attractive for strong rental demand. Previously updated with modern finishes throughout, the units include 42-inch espresso kitchen cabinets, granite countertops, and stylish glass/stone backsplashes. Bathrooms feature updated vanities, lighting, fixtures, and mirrors. Major improvements include a brand-new roof (2026) and newer copper plumbing, electrical, HVAC systems, and water heaters. Each unit has separate utilities, making it an efficient investment property. The property also features a full unfinished basement with 7-foot ceilings, offering excellent value-add potential for a future additional unit or continued use as storage and laundry space. It is conveniently located near expressways, schools, shopping, and public transportation, just a few minutes from Hyde Park and downtown Chicago. Taxes are low, with no homeowner exemption currently applied. This is a rare opportunity where space, updates, and income potential come together. It is a perfect addition to any rental portfolio or ideal for owner-occupants.

Location

State IL

County Cook

Area Chi - Greater Grand Crossing

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Storm Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition Standard

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Dan Nelson of  Compass 

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Ariel Manlapaz

Ariel Manlapaz

Real Estate Consultant | License ID: 475173895

+1(847) 924-7177

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