Two-Family Value-Add
For Sale
Under Contract
$245,000
7438 S Stewart Avenue, Chicago, IL 60621
MULTI_FAMILY - Chicago, IL
Days on Market229
Property Features for 7438 S Stewart Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 7, Bedroom 6, Bathroom 1, Basement, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 3
Basement
Unfinished, Full
Elementary school district
299
Middle school district
299
High school district
299
Directions
Take W 75th St to S Stewart Ave
Subdivision
CHI - Greater Grand Crossing
Standard status
Active Under Contract
APN
20281250230000
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
2004
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Building Details
Year built
1912
Building materials
Brick
Listing Agency:
ERA Partners
(630) 560-1001
Listed By:
Crystal Smith · License #475112189
(630) 560-1001
Added: Dec 15, 2025
Changed: Jul 28
Last Checked: Aug 1 at 7:06AM
MLS# 12527592
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 2-family property presents a clear value-add opportunity for investors or owner-occupants. The home features a two-family layout with separate heating systems for each unit, supporting independent comfort and tenant-ready flexibility. A full basement adds meaningful utility, with the first-floor unit offering potential to duplex down into the basement to expand usable living space.
The property is located in Chicago, IL and is positioned for buyers seeking an income-producing asset with room for improvement. Public remarks indicate cosmetic updates are needed on both the first and second floors, creating a practical path to enhance the property’s appeal and functionality. The offering is listed as a short sale, and serious inquiries are encouraged.
With the combination of separate mechanicals and a full basement, this home can fit a range of strategies, from straightforward rental operations to an owner-occupant plan that blends living space with income. The need for cosmetic updates may be well-suited for buyers looking to customize finishes and build equity over time.
The property is located in Chicago, IL and is positioned for buyers seeking an income-producing asset with room for improvement. Public remarks indicate cosmetic updates are needed on both the first and second floors, creating a practical path to enhance the property’s appeal and functionality. The offering is listed as a short sale, and serious inquiries are encouraged.
With the combination of separate mechanicals and a full basement, this home can fit a range of strategies, from straightforward rental operations to an owner-occupant plan that blends living space with income. The need for cosmetic updates may be well-suited for buyers looking to customize finishes and build equity over time.
Key Highlights
- Brick 2‑family property built in 1912
- Two‑family layout with separate heating systems for each unit (Natural Gas)
- Cosmetic updates needed on both the first and second floors
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
Explore this area
Business Placement
Demographics for 60621, IL
29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate heating systems and a full basement offer flexibility for rental income and potential owner occupancy.
Where is this duplex located?
The property is located at 7438 S Stewart Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Brick 2‑family property built in 1912; Two‑family layout with separate heating systems for each unit (Natural Gas); Cosmetic updates needed on both the first and second floors
