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.

Based on information submitted to MRED as of September 22, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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More Info

Basic Information

Current Use ["Multi-Family"]
List Price$550,000
MLS Number12626942
Mls Status Active Under Contract
Property TypeCommercial Sale

Property

ZoningMULTI

Utilities

Heat VentilationForced Air
Cooling None
Electric ["Circuit Breakers"]
Trash Expense $1,992
Water Sewer Expense $3,600

Tax Information

Tax Annual Amount $10,822
Tax Year 2024

Location

AreaSouth Shore
Building Number7611
CountyCook
StateIL
StreetSouth Essex Avenue
TownChicago
Zip60649

Other

Total Monthly Income$6,785
Date Listed04/24/2026
Gross Income $81,418
Net Operating Income $38,529
Other Expense $7,075

Parking

Outdoor Parking6-12 Spaces
Parking Spaces

Basic Information

Property SubTypeMulti Family 5+

Building

Stories3
Units6
Year Built1926

Property Information

Construction Materials ["Brick"]
Lot Size Dimensions 50x125
Lot Size Square Feet 7440

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Amo Chicago Condos