7524 Ellis Avenue, Greater Grand Crossing, Chicago, Illinois 60619
$249,000
|
For Sale
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| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1888 |
| Property Taxes: | $1,055 |
| Days On Market: | 13 |
| Lot Size: | 0,07 |
Description
Excellent cash-flowing investment opportunity on Chicago's South Side. This legal 2-unit property features two incredibly spacious units, each with 4 bedrooms and 1 bathroom, making it highly attractive for strong rental demand. Previously updated with modern finishes throughout, the units include 42-inch espresso kitchen cabinets, granite countertops, and stylish glass/stone backsplashes. Bathrooms feature updated vanities, lighting, fixtures, and mirrors. Major improvements include a brand-new roof (2026) and newer copper plumbing, electrical, HVAC systems, and water heaters. Each unit has separate utilities, making it an efficient investment property. The property also features a full unfinished basement with 7-foot ceilings, offering excellent value-add potential for a future additional unit or continued use as storage and laundry space. It is conveniently located near expressways, schools, shopping, and public transportation, just a few minutes from Hyde Park and downtown Chicago. Taxes are low, with no homeowner exemption currently applied. This is a rare opportunity where space, updates, and income potential come together. It is a perfect addition to any rental portfolio or ideal for owner-occupants.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1888 | |
| — | |
| — | |
| No | |
| 0.07 |
| Cook | |
| Cornell | |
| — / — | |
| — | |
| — | |
| — | |
| 12606267 | |
| 20263030220000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 9 Jul, 2008 | Sold | $70,000 | MRED MLS |
| 22 May, 2008 | Under contract | $84,900 | MRED MLS |
| — | Last price change | $99,900 | MRED MLS |
| 14 Jan, 2008 | Listed for sale | $149,900 | MRED MLS |
| 4 Jul, 2014 | Sold | $20,000 | MRED MLS |
| 7 Mar, 2014 | Under contract | $28,800 | MRED MLS |
| 28 Feb, 2014 | Listed for sale | $28,800 | MRED MLS |
| 29 Aug, 2016 | Sold | $190,000 | MRED MLS |
| 6 Apr, 2016 | Under contract | $190,000 | MRED MLS |
| 1 Apr, 2016 | Listed for sale | $190,000 | MRED MLS |
| 7 Apr, 2026 | Listed for sale | $249,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
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Full Bathrooms: 2
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| — | |
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| — | |
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| — | |
| less than .25 | |
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| — | |
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| Not in DB | |
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| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2008 | $1,468 |
| 2014 | $1,974 |
| 2016 | $2,041 |
| 2026 | $1,055 |
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