Chicago, IL 60649 7611 S Essex Avenue
$570,000
20 more
Presented By: Marblestone Property Group LLC
Beds • 3
Home Details
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.
Presented By: Marblestone Property Group LLC
Interior Features for 7611 S Essex Avenue
Other Interior Features
BasementUnfinished
General for 7611 S Essex Avenue
Additional Parcels Y/NNo
Cap Rate6.43
CityChicago
Construction MaterialsBrick
CoolingNone
CountyCook
Current UseMulti-Family
DirectionsEssex North from 79TH ST
ElectricCircuit Breakers
Electric Expense697
Fuel Expense3571
Gross Income81418
Insurance Expense8367
Lot Size Square Feet7440
MLS AreaCHI - South Shore
MaintenanceExpense24694
Net Operating Income38529
Number Of Units Total6
Operating Expense44089
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount10520.08
Tax Year2024
Tenant PaysElectricity, Heat
Trash Expense1992
Water Sewer Expense3600
Year Built1926
ZoningMULTI
Exterior for 7611 S Essex Avenue
Lot Dimensions50x125
Additional Details
Price History
