This charming 4-unit multi-family investment gem in the heart of Auburn Gresham offers immediate income potential and strong upside for savvy buyers seeking cash flow in a revitalizing South Side Chicago neighborhood. Built in 1903 with classic character, this solid brick building totals approximately 4, 308 sq ft on a generous 5, 040 sq ft lot, featuring three spacious 2-bedroom/1-bath units and one larger 3-bedroom/1-bath unit-perfect for families or roommates. Recent cosmetic upgrades include fresh touches throughout, enhancing appeal and rentability right away. The property boasts a 2-car detached garage for added value (extra parking or storage income), a large unfinished basement ripe for expansion (additional living space, storage, or future laundry/rec room), and secure wire fencing surrounding the lot for privacy and peace of mind. Currently configured for steady rental income, this turnkey multi-family is primed for even higher returns with minimal cosmetic refreshes-think modern paint, updated fixtures, and flooring tweaks. Comparable 2-bed units in the area rent for $1, 200-$1, 500+/month, and 3-bed units often fetch $1, 400-$1, 800+, potentially generating $5, 000-$6, 500+ monthly post-upgrades in this high-demand rental market. Ideal for house-hacking, portfolio expansion, or long-term hold-low maintenance and close to public transit, shops, and Englewood/CTA access. Don't miss this rare opportunity to own a cash-flowing asset in an up-and-coming area with appreciation potential. Schedule your showing today-this one won't last! SOLD AS-IS.

Property Details

PRICE
$375,000
BEDROOMS
9
BATHROOMS
4
SQFT
N/A
YEAR BUILT
1903
PARKING SPOTS
2
MLS #
12595073
FULL ADDRESS
7547 7547 Union Avenue
CITY
Chicago, IL
ZIP
60620

Listing Details

Listing Office
Juneitha Shambee
Listing Agent
Juneitha Shambee
Contact
312-983-0041
Last Data Update
2026-04-27T09:33:10Z

Interior

BATHROOMS
4 Full Bathrooms

Schools

School District
299
Elementary School
Oglesby Elementary School
High School
Englewood Stem High School

Buy This Home With a Local Expert

22 years. 600+ Chicago closings. Individual, hands-on representation from first tour through close. Ken can be your buyer's agent on this property. Call 773.398.5585 or drop your details below.

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