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Listing provided courtesy of Marblestone Property Group LLCMREDas Distributed by MLSGrid- MLS# 12626942MLS Provider

7611 S Essex AvenueChicago, IL 60649

Commercial · 3 Beds
$550,000 Active

7611 S Essex Avenue Overview

Time on Site:
63 days
Visits:
0

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.

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7611 S Essex Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 7075
  • Electric Expense: 697
  • Fuel Expense: 3571
  • Gross Income: 81418
  • Insurance Expense: 8367
  • Maintenance Expense: 24694
  • Net Operating Income: 38529
  • Operating Expense: 44089
  • Trash Expense: 1992
  • Water Sewer Expense: 3600

Building Information

  • Year Built: 1926

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - South Shore

Rent/Lease Information

  • Tenant Pays: Electricity, Heat

Tax Information

  • Tax Annual Amount: $10,520.08
  • Tax Year: 2024

General Information

  • Parcel Number: 21303090020000
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

General Information

  • Basement: Unfinished
  • Cooling: None
  • Electric: Circuit Breakers
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 50x125
  • Lot Size Square Feet: 7440

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 6

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 3
  • Baths Total: 2
  • Units Total: 6

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 0
  • Units Total: 0

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

7611 S Essex Avenue Neighborhood

Community

60649 (Chicago) Demographics

38
Median Age
11,999
Population Density (per sq. mile)
35%
College Educated
$36,130
Estimated Median Income
5,387
Estimated Total Home Owners
16,947
Estimated Total Renters
24% / 76%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7611 S Essex Avenue Monthly Cost

$
$ %
%
$
$
Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7611 S Essex Avenue Market Data

Based on the last 30 days in this zip code

$194,506
Average List Price
$134
Average Price per Square Foot
12
Properties Sold
66
Average Days on Market
134
Properties for Sale
Calculations provided by Reliance Network

7611 S Essex Avenue History

Date Event Value Agent
6/14/2026Source: MRED Status Change
Active
6/9/2026Source: MRED Price Reduction
$550,000 -3.5%
6/9/2026Source: MRED Status Change
Price Change
5/27/2026Source: MRED Status Change
Active
5/22/2026Source: MRED Price Reduction
$570,000 -4.8%
5/22/2026Source: MRED Status Change
Price Change
4/29/2026Source: MRED Status Change
Active
4/28/2026Source: MRED Added to Database
April 28, 2026