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$389,000
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Property Description
Cash-Flowing Greystone Oasis Near the Obama Library Exceptional opportunity to own a beautifully updated 2-flat greystone duplexed to the basement in one of Chicago's most active and rapidly transforming South Side neighborhoods. Located just minutes from the Obama Presidential Library and surrounded by new development and investor activity, this property offers both immediate income and long-term upside. The building is currently operating as a successful short-term rental, The flexible layout allows for short-term rental of both units or the ideal live-in-one, rent-the-other strategy using the already established Airbnb operation. Both units are tastefully decorated, and all furniture stays, making this a true turnkey investment. The fully finished basement adds serious lifestyle appeal with gaming and arcade setups included, creating an entertainment destination guests love. Out back, enjoy a private fenced yard with a jacuzzi, offering a rare urban retreat that elevates rental demand and owner enjoyment alike. This income-producing oasis is ready for its next owner to step in and capitalize from day one. Schedule your private showing today and secure a cash-flowing asset in a thriving location.
Full Property Details
Full Property Details for 7027 S Harper Ave
General
- Price: $389,000
- Taxes: $3,602 (2023)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12557800
- Updated: 3/26/2026
- Added to Site: 52 day(s) ago
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 3
- Upper - Full Baths: 3
- Bathroom Features: Full Body Spray Shower
Bedrooms
- Total Bedrooms: 7
Location
- Area: CHI - South Shore
- County: Cook
- Township: Hyde Park
- Driving Directions: E/W on 7100s to Harper, north on harper to address
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Built Before 1978: Yes
- Remodeled/Updated: 2016
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 0.09
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 3750
- Zoning: MULTI
Financial Considerations
- Tax Amount: $3,602.45
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: REO/Lender Owned
- Property ID: 20234240090000
Listed by 5th Group Corp
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Schools
Schools serving 7027 S Harper Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Wadsworth PreK-8th STEM School 6650 South Ellis Avenue, Chicago, IL 60637 | PK-8 | 0.9 mi |
Hyde Park Academy High School 6220 South Stony Island Avenue, Chicago, IL 60637 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7027 S Harper Ave
Date
Details
Price
Change
Source
3/20/2026
Price Increased
$389,000
5.42%
MLS
2/09/2026
Listed
$369,000
91.69%
MLS
1/17/2017
Sold
$192,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7027 S Harper Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,964
3%
$13,999
—
2022
$2,879
2%
$13,999
—
2021
$2,815
-13%
$13,999
-4%
2020
$3,250
-1%
$14,587
-11%
2019
$3,293
2%
$16,390
—
2018
$3,238
-17%
$16,390
-9%
2017
$3,885
7%
$18,048
—
2016
$3,615
9%
$18,048
—
2015
$3,307
25%
$18,048
26%
2014
$2,655
2%
$14,309
—
2013
$2,602
1%
$14,309
—
2012
$2,568
—
$14,309
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7027 S Harper Ave
7027 S Harper Avenue, Chicago, IL 60637 (MLS# 12557800) is a Multi-Family property with 2 units containing 7 bedrooms and 0 full bathrooms. 7027 S Harper Avenue is currently listed for $389,000 and was received on February 09, 2026. Want to learn more about 7027 S Harper Avenue? Do you have questions about finding other Multi-Family real estate for sale in South Shore? You can browse all South Shore real estate or contact a Coldwell Banker agent to request more information.

