7524 S Ellis Avenue, Chicago, IL 60619
7524 S Ellis Avenue, Chicago, IL 60619
7524 S Ellis Avenue, Chicago, IL 60619
7524 S Ellis Avenue, Chicago, IL 60619
7524 S Ellis Avenue, Chicago, IL 60619
7524 S Ellis Avenue, Chicago, IL 60619
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Serene Realty, Inc

Serene Realty, Inc

+1(312) 650-7940
Listed by Dan Nelsonof Compass
$ 249,000
Est. payment | /mo

8 Beds

3,049 Sqft Lot

Save
$ 249,000
Est. payment | /mo
Save

8 Beds

3,049 Sqft Lot

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

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

View Y/N true

Building

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) VOW
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.

NEARBY SCHOOLS & PROPERTIES

Serene Realty, Inc

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(312) 650-7940

info@serenerealtyinc.com

2600 S. Michigan Avenue, Suite 102, Chicago, IL, 60616, United States

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Serene Realty Inc, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

I consent to receiving calls and texts from Serene Realty Inc for real estate information and assistance. Texts may include listing recommendations, status updates, and related information. Message frequency varies and data rates may apply. Text "HELP" to 708-847-9949 for assistance. Reply “unsubscribe” to opt-out.

Go tour this home

7524 S Ellis Avenue