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$599,000

  • For Sale
  • Active
  • Commercial
  • Updated 7 days ago
See This Home
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6-unit investment opportunity at 7609 S Essex Ave with in-place income and immediate upside. Five units are currently occupied, providing steady cash flow, while the vacant unit offers a clear path to increase revenue. The building features large units with spacious bedrooms and functional layouts that support strong tenant demand. Opportunity for experienced investors to reposition, improve, and maximize rents over time. Ideal for those looking to add a value-add asset to their portfolio. Property is being sold as-is.

Full Property Details for 7611 S Essex Ave

General

  • Price: $599,000
  • HOA FEE: $24,693
  • Taxes: $10,520 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12626942
  • Updated: 5/5/2026
  • Added to Site: 20 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
  • 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: $24,693
  • Insurance Fee: $8,367
  • Operating Expenses: $67,475
  • Other Fee: $3,000
  • 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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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

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with our affiliated in-house agency

Request a Quote

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
4/23/2026
Listed
$599,000
898.33%
MLS
5/31/2023
Sold
$60,000
—
Public Record
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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 $599,000 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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