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7524 S Ellis Avenue, 
Chicago, IL 60619

$249,000


8

Beds


2

Baths


-

Sq Ft


Multi-Family

Pending

Listed by

Dan Nelson

Rodolfo Gonzalez

Compass

Last updated:

July 11, 2026, 11:05 AM

MLS#

12606267

Source:

MLSNI

About This Home

7524 S Ellis Avenue

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.

Home Facts

Multi-Family

2 Baths

8 Bedrooms

Built in 1888

Price Summary

249,000

MLS #:

12606267

Last Updated:

July 11, 2026, 11:05 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2


Structure

Structure

Year Built:

1888


Lot

Lot Size (Sq. Ft):

3,049


Finances & Disclosures

Finances

Price:

$249,000

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.