7547 S Union Avenue, Chicago, IL
  • $375,000

Description

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.

  • Listing Courtesy of: Juneitha Shambee

Details

Updated on June 28, 2026 at 3:48 am
  • Property ID MRD12595073
  • Price $375,000
  • Bedrooms 9
  • Garages 2
  • Year Built 1903
  • Property Type Multi Family
  • Property Status Active
  • Parking Total 2
  • Parcel Number 20283020110000
  • Water Source Public
  • Sewer Public Sewer
  • MLS Status Re-activated
  • Days On Market 97
  • Cumulative Days On Market 98
  • Tax Annual Amount 2753.62
  • Heating Natural Gas
  • Parking Features Garage Door Opener,Yes,Garage Owned,Detached,Garage
  • Directions 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
  • Zoning MULTI
  • Address 7547 S Union Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60620
  • Country United States

Overview

Property ID: MRD12595073
  • Multi Family
  • Property Type
  • 9
  • Bedrooms
  • 2
  • Garages
  • 1903
  • Year Built

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