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$425,000

  • For Sale
  • Active
  • Multi-Family
  • 9 Total Beds
  • 3 Car Garage
  • Updated 4 days ago
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INVESTOR DREAM - 3-Unit Brick in South Shore's Transformation Zone Solid all-brick 3-flat. 9 beds, 3 baths, 3,200 sq ft of income potential. Same ownership for years - needs TLC and vision, not demolition. Separate utilities, full basement, layouts that rehab beautifully. INVEST South/West priority corridor ($280M+ city investment). Obama Presidential Center under construction minutes away - surrounding neighborhoods already seeing values double. THRIVE Exchange breaking ground blocks away. 71st Street initiative bringing new businesses and foot traffic. Potential rent $3,600-$4,200/mo post-rehab. Short sale, sold AS-IS, subject to lender approval. Cash or rehab loan preferred. This is the most strategically positioned multifamily on Chicago's South Side right now. The investor who buys in 2026 will thank themselves in 2028.

Full Property Details for 7544 S Essex Ave

General

  • Price: $425,000
  • Taxes: $6,469 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12724446
  • Updated: 8/17/2026
  • Added to Site: 17 day(s) ago

Rental Information

  • Complex Features: Gated, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Partially

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 9

Additional Information

  • Other Features: Interstate Access

Parking

  • Garage: Yes
  • Garage Spaces: 3
  • Total Spaces: 3
  • Parking Features: Yes, Detached, Garage

Location

  • Area: CHI - South Shore
  • County: Cook
  • Township: South Chicago
  • Driving Directions: take Stony Island Ave or the Chicago Skyway/Lake Shore Dr south to 75th Street, head east on 75th St to S Yates Blvd, turn south to 75th St/Essex intersection, then turn east onto Essex Ave.

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: Lake Michigan

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Partially Finished, Full
  • Year Built: 1927
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 3720 SQ FT
  • Zoning: MULTI

Financial Considerations

  • Assessment Year: 1927
  • Tax Amount: $6,469.26
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: Short Sale
  • Property ID: 21303010210000

Listed by Century 21 IMPACT

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— 7544 S Essex Ave —

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 7544 S Essex Ave

School District:Chicago Public School District 299
NameGradesDistance
Bradwell Community Arts & Sci Elementary School
7736 South Burnham Avenue, Chicago, IL 60649
K-80.4 mi
South Shore Intl Col Prep High School
1955 East 75th Street, Chicago, IL 60649
12-0.6 mi
Chicago Vocational Career Academy High School
2100 East 87th Street, Chicago, IL 60617
9-111.4 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 7544 S Essex Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/17/2026
Price Increased
$425,000
6.52%
MLS
8/04/2026
Listed
$399,000
134.71%
MLS
10/16/2018
Sold
$170,000
—
Public Record
Get Price Alerts and Save Property
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 for 7544 S Essex Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,600
—
$32,100
89%
2023
$3,600
3%
$17,000
—
2022
$3,497
2%
$17,000
—
2021
$3,419
-16%
$17,000
-7%
2020
$4,078
-2%
$18,307
-12%
2019
$4,180
2%
$20,804
—
2018
$4,109
-9%
$20,804
-1%
2017
$4,510
7%
$20,949
—
2016
$4,196
9%
$20,949
—
2015
$3,839
1%
$20,949
3%
2014
$3,786
2%
$20,403
—
2013
$3,711
1%
$20,403
—
2012
$3,661
—
$20,403
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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7544 S Essex Avenue, Chicago, IL 60649 (MLS# 12724446) is a Multi-Family property with 3 units containing 9 bedrooms and 0 full bathrooms. 7544 S Essex Avenue is currently listed for $425,000 and was received on August 04, 2026. Want to learn more about 7544 S Essex 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.

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