About 7611 S Essex Avenue
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.
Features of 7611 S Essex Avenue
| MLS® # | 12626942 |
|---|---|
| Price | $550,000 |
| Bathrooms | 0.00 |
| Year Built | 1926 |
| Type | Commercial Sale |
| Sub-Type | Multi Family 5+ |
| Status | Contingent |
| Taxes | $10,520 |
Community Information
| Address | 7611 S Essex Avenue |
|---|---|
| Area | CHI - South Shore |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60649 |
Amenities
| Is Waterfront | No |
|---|---|
| New Construction | No |
| Has Pool | No |
Interior
| Cooling | None |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Unfinished |
Exterior
| Exterior | Brick |
|---|
Additional Information
| Days on Market | 134 |
|---|---|
| Zoning | MULTI |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Marblestone Property Group LLC |
|---|