Chicago South Side Investment
7524 S Ellis Avenue Chicago, IL 60619
7524 S Ellis Avenue, Chicago, IL, 60619
$249,000
For Sale
Under Contract
$249,000
MULTI_FAMILY - Chicago, IL
Lot Size0.07 Acres
Days on Market107
Property Features for 7524 S Ellis Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 2
- Rooms
- Bedroom 8, Bedroom 1, Bedroom 4, Bedroom 7, Basement, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 6
- Basement
- Unfinished, Full
- Standard status
- Active Under Contract
- APN
- 20263030220000
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 1055
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1888
- Building materials
- Brick
Listing agency
Compass
(773) 466-7150
Listed by
Dan Nelson · License #475189264
Added: Apr 7 Updated: Jul 13 at 6:31PM Checked: Jul 22 at 6:06PM
MLS# 12606267
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal 2-unit property on Chicago's South Side presents an excellent cash-flowing investment opportunity. Each of the two spacious units features 4 bedrooms and 1 bathroom, catering to strong rental demand. The units have been previously updated with modern finishes, including 42-inch espresso kitchen cabinets, granite countertops, and glass/stone backsplashes. The bathrooms feature updated vanities, lighting, fixtures, and mirrors. Major improvements include a brand-new roof in 2026, as well as newer copper plumbing, electrical, HVAC systems, and water heaters. Each unit has separate utilities. The property also features a full unfinished basement with 7-foot ceilings, offering value-add potential for a future additional unit or continued use as storage and laundry space. Situated on a 0.07-acre lot, the property is conveniently located near expressways, schools, shopping, and public transportation, and is just a few minutes from Hyde Park and downtown Chicago. The property's low taxes, without a current homeowner exemption, enhance its appeal. This property is suitable as an addition to a rental portfolio or for owner-occupants.
Key Highlights
- Legal 2‑unit brick property built in 1888 with forced‑air natural gas heating
- Each unit offers 4 bedrooms and 1 bathroom for a total of 8 bedrooms and 2 bathrooms
- Brand‑new roof installed in 2026, plus newer copper plumbing, electrical, HVAC, and water heaters
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Legal 2-unit property with modern updates and income potential.
Where is this duplex located?
The property is located at 7524 S Ellis Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Legal 2‑unit brick property built in 1888 with forced‑air natural gas heating; Each unit offers 4 bedrooms and 1 bathroom for a total of 8 bedrooms and 2 bathrooms; Brand‑new roof installed in 2026, plus newer copper plumbing, electrical, HVAC, and water heaters
