7524 S Ellis Avenue, Chicago, IL 60619

• 8 beds |
• 2 baths

Property Description

Excellent cash-flowing investment opportunity on Chicago's South Side. This legal 2-unit property features two incredibly spacious units, each with 4 bedrooms and 1 bathroom, making it highly attractive for strong rental demand. Previously updated with modern finishes throughout, the units include 42-inch espresso kitchen cabinets, granite countertops, and stylish glass/stone backsplashes. Bathrooms feature updated vanities, lighting, fixtures, and mirrors. Major improvements include a brand-new roof (2026) and newer copper plumbing, electrical, HVAC systems, and water heaters. Each unit has separate utilities, making it an efficient investment property. The property also features a full unfinished basement with 7-foot ceilings, offering excellent value-add potential for a future additional unit or continued use as storage and laundry space. It is conveniently located near expressways, schools, shopping, and public transportation, just a few minutes from Hyde Park and downtown Chicago. Taxes are low, with no homeowner exemption currently applied. This is a rare opportunity where space, updates, and income potential come together. It is a perfect addition to any rental portfolio or ideal for owner-occupants.

Listing Status:

Active

Data Last Updated:

April 13, 2026 at 7:19PM

Listing Office:

Compass : 773-295-1751

Listing Agent:

Dan Nelson : 773-295-1751

MLS ID:

12606267

Interior

• Basement: UnfinishedFull
• Heating: Natural GasForced Air

Exterior

• Parking: Parking spaces: 0

Location

• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 20263030220000

Utilities

• Water: Lake Michigan
• Sewer: Storm Sewer

Financial

• Source: mred
• Ownership: Fee Simple