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$550,000

  • For Sale
  • Active
  • Commercial
  • Updated 7 days ago
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Six 3BR/2BA units | 5/6 units occupied | rents $1,150-$1,700/mo | 2025 rent income $81,418 | NOI ~$38,500 | Current rents below market with clear upside as leases roll. Solid brick building, hardwood floors throughout, gated front yard, on-site parking. City violations on record - all repair work completed by seller in 2025; re-inspection pending only, no repair cost to buyer. Strong in-place income with value-add upside. Sold as-is. Proof of funds required.

Full Property Details for 7611 S Essex Ave

General

  • Price: $550,000
  • HOA FEE: $24,694
  • Taxes: $10,520 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12626942
  • Updated: 7/14/2026
  • Added to Site: 89 day(s) ago

Interior

  • Basement: Unfinished

Location

  • Area: CHI - South Shore
  • County: Cook
  • Driving Directions: Essex North from 79TH ST

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Trash: 1992

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Stories/Levels: 3
  • Current Bldg. Use: Multi-Family
  • Year Built: 1926
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 4
  • Units w/Range/Oven: 4

Lot Features

  • Lot Size (Sq. Ft.): 7,440
  • Lot Dimensions: 50 x 125
  • Zoning: MULTI

Financial Considerations

  • Maint. Fee: $24,694
  • Insurance Fee: $8,367
  • Operating Expenses: $44,089
  • Other Fee: $7,075
  • Assessment Year: 1926
  • Tax Amount: $10,520.08
  • Tax Year: 2024
  • Tenant Pays: Electricity, Heat
  • Pays Electric: 697
  • Pays Trash: 1992

Disclosures and Reports

  • Property ID: 21303090020000

Listed by Marblestone Property Group LLC

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Listing agents

— 7611 S Essex Ave —

  • Marblestone Property Group LLC

  • Marblestone Property Group LLC

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NMLS#: 1598647

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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 7611 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-80.3 mi
South Shore Intl Col Prep High School
1955 East 75th Street, Chicago, IL 60649
12-0.7 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 7611 S Essex Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/09/2026
Price Reduced
$550,000
-3.51%
MLS
5/22/2026
Price Reduced
$570,000
-4.84%
MLS
4/23/2026
Listed
$599,000
898.33%
MLS
5/31/2023
Sold
$60,000
—
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 7611 S Essex Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,294
—
$52,200
109%
2023
$5,294
3%
$25,000
—
2022
$5,142
2%
$25,000
—
2021
$5,027
-18%
$25,000
-9%
2020
$6,138
-2%
$27,554
-12%
2019
$6,291
2%
$31,312
—
2018
$6,185
-32%
$31,312
-26%
2017
$9,076
7%
$42,161
—
2016
$8,444
9%
$42,161
—
2015
$7,726
4%
$42,161
5%
2014
$7,422
2%
$40,003
—
2013
$7,276
1%
$40,003
—
2012
$7,178
—
$40,003
—
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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Listed by Marblestone Property Group LLC

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7611 S Essex Avenue, Chicago, IL 60649 (MLS# 12626942) is a Commercial property. 7611 S Essex Avenue is currently listed for $550,000 and was received on April 23, 2026. Want to learn more about 7611 S Essex Avenue? Do you have questions about finding other Commercial 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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