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$296,000
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Property Description
Turnkey, fully renovated brick 2-flat in Chicago's up-and-coming Englewood neighborhood; an excellent value-add and cash-flow opportunity. Rehabbed in 2026, this multi-family asset requires no immediate capital investment and is ready for lease-up or house hacking. Each unit features 3 bedrooms and 1 bath with large primary bedrooms, functional living and dining layouts, and enclosed porches-highly attractive to long-term tenants. Both units boast new kitchens with modern cabinets and stainless steel appliances, updated bathrooms, new laminate flooring, forced-air heating, and central A/C. Major capital improvements include new electrical, plumbing, and HVAC systems, reducing future maintenance risk. Each unit offers separate furnaces and water heaters, allowing for greater rental income. Units are currently vacant, allowing investors to set market rents immediately. The property also includes an enclosed rear porch and a large adjacent lot with a parking pad-added value for tenant demand and rental premiums. Conveniently located near public transportation, schools, parks, shopping, dining, and major expressways. LOW TAXES (no property exemptions being claimed). SELLER FINANCING AVAILABLE!
Full Property Details
Full Property Details for 7416 S May St
General
- Sold For: $296,000
- Taxes: $2,411 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12541524
- Added to Site: 54 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Additional Information
- Other Features: Commuter Bus, Interstate Access
Location
- Area: CHI - Englewood
- County: Cook
- Driving Directions: west on 74th street South on May
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Crawl Space
- Foundation: Other
- Year Built: 1890
- Built Before 1978: Yes
- Remodeled/Updated: 2026
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 0.07
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 25 x 125
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1890
- Tax Amount: $2,411
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20292240250000
Listed by Core Realty & Investments Inc.
Sold by Real People Realty
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Schools
Schools serving 7416 S May St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Stagg Elementary School 7424 South Morgan Street, Chicago, IL 60621 | K-8 | 0.2 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7416 S May St
Date
Details
Price
Change
Source
2/20/2026
Sold
$296,000
2.42%
MLS
1/07/2026
Listed
$289,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7416 S May Street, Chicago, IL 60621 (MLS# 12541524) is a Multi-Family property that was sold at $296,000 on February 20, 2026. Want to learn more about 7416 S May Street? Do you have questions about finding other Multi-Family real estate for sale in Englewood? You can browse all Englewood real estate or contact a Coldwell Banker agent to request more information.

