Under Contract

7547 S Union Avenue

Chicago, IL 60620
Mark as Favorite
Bed 9

Bed

Bath 4

Bath

This charming 4-unit multi-family investment gem in the heart of Auburn Gresham offers immediate income potential and strong upside for savvy buyers seeking cash flow in a revitalizing South Side Chicago neighborhood. Built in 1903 with classic character, this solid brick building totals approximately 4,308 sq ft on a generous 5,040 sq ft lot, featuring three spacious 2-bedroom/1-bath units and one larger 3-bedroom/1-bath unit-perfect for families or roommates. Recent cosmetic upgrades include fresh touches throughout, enhancing appeal and rentability right away. The property boasts a 2-car detached garage for added value (extra parking or storage income), a large unfinished basement ripe for expansion (additional living space, storage, or future laundry/rec room), and secure wire fencing surrounding the lot for privacy and peace of mind. Currently configured for steady rental income, this turnkey multi-family is primed for even higher returns with minimal cosmetic refreshes-think modern paint, updated fixtures, and flooring tweaks. Comparable 2-bed units in the area rent for $1,200-$1,500+/month, and 3-bed units often fetch $1,400-$1,800+, potentially generating $5,000-$6,500+ monthly post-upgrades in this high-demand rental market. Ideal for house-hacking, portfolio expansion, or long-term hold-low maintenance and close to public transit, shops, and Englewood/CTA access. Don't miss this rare opportunity to own a cash-flowing asset in an up-and-coming area with appreciation potential. Schedule your showing today-this one won't last! SOLD AS-IS.

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Detail Ic Property Details

Property Type : Residential Income

Price : $375,000

AD Id : 76340314

MLS Id : MRD12595073

Beds : 9

Year Built : 1903

Garage : 2

County : Cook

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total Bedroom: 9

    Bathroom Information

    Total Baths: 4

    Room Information

    Rooms Total: 17

    Interior Features

    Roof: Flat

    Roofing Information

    Flat
  • Flooring Information

    Construction Materials: Brick
  • Heating & Cooling

    Heating: Natural Gas WaterSource: Public

  • Building Information

    Year Built: 1903

  • Lot Information

    Lot Dimensions: 5,040 sq ft Lot Size: Less Than .25 Acre

    Property Information

    Property Type: Residential Income Sub Type: Two to Four Units

  • Listing Price Information

    Original List Price:$375000

  • Tax Information

    Annual Tax: $2753.62 Tax Year: 2024 Parcel Number: 20283020110000 Tax Exemption: Homeowner

  • Parking Information

    Total Parking: 2 Garage Door Opener, Yes, Garage Owned, Detached, Garage Is Parking Included in Price: Yes

    Garage Information

    Garage Space: 2

  • School Information

    Elementary School: Oglesby Elementary School Junior High School: Oglesby Elementary School Senior High School: Englewood Stem High School
  • Utility Information

    Sewer: Public Sewer Water Source: Public
  • Location Information

    City: Chicago Direction: From Downtown Chicago (Loop area): Head south on I-55 S (Stevenson Expressway) toward I-90/I-94. Merge onto I-90/I-94 E (Dan Ryan Expressway) south. Take exit 59A for 79th St. Turn left (east) onto W 79th St. Turn left (north) onto S Union Ave (Union Ave runs north-south). Continue north on S Union Ave; the property is on the west side around the 7500 block. From the north (e.g., near O'Hare or north suburbs): Use I-90/I-94 E (Kennedy/Dan Ryan) south to the 79th St exit, then follow as above. Public transit option (CTA): Take the Red Line south to the 79th St station. From there, walk west or take a bus (e.g., #79 bus westbound) toward Union Ave, then north a short distance. Sold AS IS
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
7837 S Laflin Street, Chicago, IL, 60620 $325,000 6 2 1,476 1,476 SqFt
8630 S Bishop Street, Chicago, IL, 60620 $324,999 5 2 2,405 2,405 SqFt
8810 S Racine Avenue, Chicago, IL, 60620 $220,000 4 3 1,798 1,798 SqFt
9444 S Union Avenue, Chicago, IL, 60620 $105,500 3 1 1,017 1,017 SqFt
8347 S Green Street, Chicago, IL, 60620 $199,900 4 2 1,985 1,985 SqFt
8242 S Damen Avenue, Chicago, IL, 60620 $280,000 4 2 1,111 1,111 SqFt
7842-7844 S Union Avenue, Chicago, IL, 60620 $395,000 10 4 --
57 W 78th Place, Chicago, IL, 60620 $224,900 4 2 1,300 1,300 SqFt
8011 S Ada Street, Chicago, IL, 60620 $169,900 4 1 1,250 1,250 SqFt
7955 S Sangamon Street, Chicago, IL, 60620 $124,999 6 2 --
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ByOwner last updated this listing 06/22/2026 @ 18:20

MLS: MRED #12595073 LISTED BY: Juneitha Shambee, Juneitha Shambee 312-983-0041 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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