7547 S Union Avenue, Chicago, IL 60620

• 9 beds |
• 4 baths

Property Description

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.

Listing Status:

Active

Data Last Updated:

April 2, 2026 at 7:20PM

Listing Office:

Juneitha Shambee : 312-983-0041

Listing Agent:

Juneitha Shambee : 312-983-0041

MLS ID:

12595073

Interior

• Basement: UnfinishedFull
• Heating: Natural Gas

Exterior

• Parking: Garage Door OpenerYesGarage OwnedDetachedGarageParking spaces: 2

Construction

• Roofing: Flat
• General: Brick/MortarConcrete Perimeter

Location

• HOA Amenities: CurbsSidewalksStreet LightsStreet Paved
• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: MULTI20283020110000
• Fencing: Fenced

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple