Corcoran Urban Real Estate
$0 to $5,000,000
Any Beds
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For Sale
35 Properties Within 0.5 miles of: 7611 S Essex, Chicago

7611 S Essex
Chicago, IL 60649

  • Built In 1926
Price

$550,000

Est Payment
$3,664 / month (details)  
Taxes
$10,520  
Type
Multi Family 5+  
Sq. Ft.
n/a  
Lot Size
50x125  
Built
1926  
Neighborhood
South Shore  
MLS
#12626942
Status
Active (50 days)

Property Description

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. City violations on record - all repair work completed by seller in 2025; re-inspection pending only, no repair cost to buyer. Strong in-place income with value-add upside. Sold as-is. Proof of funds required.

Property Map

Property Details

Utilities

  • Heating
  • Cooling None
  • Water
  • Sewer

Additional Information

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

04-24-2026 Listed at $599,000
05-22-2026 Price decreased by $29,000 to $570,000
06-09-2026 Price decreased by $20,000 to $550,000
Last Modified 6/9/26 9:38 AM

Nearby Transportation

  • Bus 75 0.2 mi
  • Bus 5 0.2 mi
  • Bus 95 0.2 mi
  • Bus 71 0.3 mi
  • Bus 79 0.4 mi
  • Bus 26 0.4 mi
  • Bus 6 0.4 mi
  • Bus 15 0.6 mi
  • Bus J14 0.6 mi
  • Bus 30 1.0 mi
  • Bus 28 1.1 mi
  • Bus 67 1.2 mi
  • Metra Electric 0.2 mi
  • I 90 East 1.2 mi
  • I 90 West 2.0 mi
  • I 94 West 3.1 mi
  • I 94 East 3.2 mi
  • I 90 East 4.3 mi
  • Hwy 57 4.3 mi
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