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