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.
Active
Price increase: $26K (8/17)
$425,000
7544 S Essex Ave, Chicago, IL 60649
9beds
--sqft
Multi Family
Built in 1927
-- sqft lot
$420,500 Zestimate®
$--/sqft
$-- HOA
What's special
Layouts that rehab beautifullySeparate utilitiesFull basement
- 26 days
- 273
- 13
Zillow last checked:
Listing updated:
Listed by:
Yolanda Martin 312-291-1284,
Century 21 IMPACT
Source: MRED as distributed by MLS GRID,MLS#: 12724446
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas
Features
- Basement: Partially Finished,Full
Property
Parking
- Total spaces: 3
- Parking features: Yes, Detached, Garage
- Garage spaces: 3
Lot
- Size: 3,484 Square Feet
Details
- Parcel number: 21303010210000
- Zoning: MULTI
- Special conditions: Short Sale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1927
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Community
- Features: Gated, Sidewalks, Street Lights, Street Paved
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $321,000
- Annual tax amount: $6,469
- Date on market: 8/5/2026
- Ownership: Fee Simple
Estimated market value
$420,500
$399,000 - $442,000
$1,498/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/17/2026 | Price change | $425,000+6.5% |
Source: MRED as distributed by MLS GRID #12724446 Report a problem | ||
| 8/5/2026 | Listed for sale | $399,000-7% |
Source: MRED as distributed by MLS GRID #12724446 Report a problem | ||
| 6/22/2023 | Listing removed | -- |
Source:  MRED as distributed by MLS GRID #11687948 Report a problem | ||
| 12/14/2022 | Listed for sale | $429,000-4.6% |
Source: MRED as distributed by MLS GRID #11687948 Report a problem | ||
| 5/4/2021 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #10936975 Report a problem | ||
| 4/28/2021 | Listed for sale | $449,900+4.7% |
Source: MRED as distributed by MLS GRID #10936975 Report a problem | ||
| 1/11/2021 | Contingent | $429,900 |
Source:  MRED as distributed by MLS GRID #10936975 Report a problem | ||
| 1/11/2021 | Pending sale | $429,900 |
Source: Sterling Realty & Prop Mgt LLC #10936975 Report a problem | ||
| 12/29/2020 | Listed for sale | $429,900 |
Source: Sterling Realty & Prop Mgt LLC #10936975 Report a problem | ||
| 12/1/2020 | Pending sale | $429,900 |
Source: Sterling Realty & Prop Mgt LLC #10936975 Report a problem | ||
| 11/19/2020 | Listed for sale | $429,900+152.9% |
Source: Sterling Realty & Prop Mgt LLC #10936975 Report a problem | ||
| 11/9/2018 | Sold | $170,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,469 +79.7% | $32,100 +88.8% |
| 2023 | $3,600 +2.9% | $17,000 |
| 2022 | $3,497 +2.3% | $17,000 |
| 2021 | $3,419 -16.2% | $17,000 -7.1% |
| 2020 | $4,078 -2.4% | $18,307 -12% |
| 2019 | $4,180 +1.7% | $20,804 |
| 2018 | $4,109 -8.9% | $20,804 -0.7% |
| 2017 | $4,510 +7.5% | $20,949 |
| 2016 | $4,196 +9.3% | $20,949 |
| 2015 | $3,839 +1.4% | $20,949 +2.7% |
| 2014 | $3,786 +2% | $20,403 |
| 2013 | $3,711 +1.4% | $20,403 |
| 2012 | $3,661 -10.8% | $20,403 -19.5% |
| 2011 | $4,105 -0.4% | $25,334 |
| 2010 | $4,122 +4.4% | $25,334 |
| 2009 | $3,950 -12.5% | $25,334 -19.5% |
| 2008 | $4,513 +1% | $31,458 |
| 2007 | $4,468 -1.1% | $31,458 |
| 2006 | $4,516 +29% | $31,458 +46.8% |
| 2005 | $3,501 +1% | $21,423 |
| 2004 | $3,465 +39.5% | $21,423 |
| 2003 | $2,484 -5.4% | $21,423 +30.3% |
| 2002 | $2,627 +5.2% | $16,442 |
| 2001 | $2,497 +13.5% | $16,442 |
| 2000 | $2,200 -0.1% | $16,442 +22.2% |
| 1999 | $2,203 | $13,454 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: South Shore
Nearby schools
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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