7304 South Union Avenue, Chicago, IL, 60621

$460,000

0.12

Acres

About 7304 South Union Avenue

Discover an exceptional investment opportunity in Chicago's South Side - a meticulously maintained 6-unit brick property at 7304 S Union. This updated, character-filled building showcases timeless curb appeal, secure gated entry, and a welcoming foyer. Three of the six units are currently occupied by long-term (month-to-month) tenants paying rents substantially below market, creating substantial upside through future rent adjustments. The remaining three units have been fully renovated and are move-in ready, allowing immediate leasing at market rates and strong near-term income growth. Whether you're an experienced investor seeking reliable cash flow with clear value-add potential or a new entrant looking for a manageable, high-performing asset, this property checks every box. With its durable construction, stabilized occupancy, and opportunity for income optimization, it comes with excellent cash-on-cash returns and long-term appreciation potential. Competitively priced, this is a rare chance to secure a turnkey, income-producing property with built-in upside.

Additional Information: This property is located in the CHI - Englewood neighborhood, IL. This 0 bedrooms multi family 5+ property is priced at $460,000.

Facts & Features

MLS® # 12500883
Price $460,000
Bathrooms 0.00
Taxes $3,165
Acres 0.12
Year Built 1916
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 7304 South Union Avenue
Area CHI - Englewood
City Chicago
County Cook
State IL
Zip Code 60621

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement Yes
Basement Unfinished

Exterior

Exterior Brick

Additional Information

Days on Market 8
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $3,165

Listing Details

OfficeCompass
Contact Info312-319-1168

Listing Map

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