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Mayra Pezzella

mayrapezzellarealtor@gmail.com +1(224) 508-1554

Listed by Carlos Matosof Core Realty & Investments Inc.

$ 289,000

Est. payment -/mo

Save

Active Under Contract

7416 S May Street Chicago, IL 60621

6 Beds

3,049 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12541524

Bedrooms 6

Year Built 1890

Annual Tax Amount $2,411

Tax Year 2024

Lot Size 3,049 Sqft

Lot Dimensions 25X125

Property Sub-Type Two to Four Units

Property Description

Turnkey, fully renovated brick 2-flat in Chicago's up-and-coming Englewood neighborhood; an excellent value-add and cash-flow opportunity. Rehabbed in 2026, this multi-family asset requires no immediate capital investment and is ready for lease-up or house hacking. Each unit features 3 bedrooms and 1 bath with large primary bedrooms, functional living and dining layouts, and enclosed porches-highly attractive to long-term tenants. Both units boast new kitchens with modern cabinets and stainless steel appliances, updated bathrooms, new laminate flooring, forced-air heating, and central A/C. Major capital improvements include new electrical, plumbing, and HVAC systems, reducing future maintenance risk. Each unit offers separate furnaces and water heaters, allowing for greater rental income. Units are currently vacant, allowing investors to set market rents immediately. The property also includes an enclosed rear porch and a large adjacent lot with a parking pad-added value for tenant demand and rental premiums. Conveniently located near public transportation, schools, parks, shopping, dining, and major expressways. LOW TAXES (no property exemptions being claimed). SELLER FINANCING AVAILABLE!

Location

State IL

County Cook

Rooms

Basement Crawl Space

Interior

Heating Natural Gas

Fireplace N

Exterior

View Y/N true

Building

Foundation Other

Sewer Other

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

SCHOOLSPROPERTIES

Elementary Schools 20

10

Lenart Elementary Regional Gifted Center

Public | PK - 8
10

McDade Elementary Classical School

Public | KG - 6
7

Kellogg Elementary School

Public | KG - 8
7

Dixon Elementary School

Public | PK - 8
6

Southeast Elementary School

Public | KG - 6
6

Northeast Elementary School

Public | PK - 6
6

Providence-Englewood Elementary Charter

Public | KG - 8
6

Turner-Drew Elementary Language Academy

Public | KG - 8
5

Talman Elementary School

Public | PK - 8
5

Carson Elementary School

Public | PK - 8
5

Christopher Elementary School

Public | KG - 8
5

Davis M Magnet Elementary School

Public | KG - 8
5

Kershaw Elementary School

Public | PK - 8
5

Kipling Elementary School

Public | KG - 8
5

Sherwood Elementary School

Public | PK - 8
5

Beasley Elementary Magnet Academic Center

Public | PK - 8
5

Pirie Fine Arts and Academic Center Elementary School

Public | KG - 6
5

Burnside Elementary Scholastic Academy

Public | PK - 8
4

Catalyst Charter - Maria Elementary School

Public | KG - 12
4

Vanderpoel Elementary Magnet School

Public | KG - 8

Middle Schools 2

9

Lindblom Math & Science Academy High School

Public | 7 - 12
0

Banner Therapeutic Day School

Private | 7 - 12

High Schools 19

6

Harlan Community Academy High School

Public | 9 - 12
5

Richards Career Academy High School

Public | 9 - 12
5

Simeon Career Academy High School

Public | 9 - 12
4

Urban Preparatory Charter Academy Englewood High School

Public | 9 - 12
2

Team Englewood Community Academy High School

Public | 9 - 12
1

Gage Park High School

Public | 9 - 12
1

Harper High School

Public | 9 - 12
1

Hope College Preparatory High School

Public | 9 - 12
1

Robeson High School

Public | 9 - 12
1

Ace Technical Charter High School

Public | 9 - 12
0

Southside Occupational Academy High School

Public | 12 - 12
0

Peace and Education Coalition High School

Public | 10 - 12
0

Prologue - Johnston Fine Arts High School

Public | 9 - 12
0

Excel Academy - Englewood High School

Public | 9 - 12
0

Leo Catholic High School

Private | 9 - 12
0

Pnuema Institute

Private | 9 - 12
0

Banner Academy South

Private | 9 - 12
0

Hunter-Bolden Academy

Private | 12 - 12
0

Dyett High School

Public | 12 - 12

School and business data provided by Attom Data.

Mayra Pezzella

Real Estate Professional | REALTOR® | License ID: 1010235

+1(224) 508-1554

Mayra Pezzella

7416 S May Street Chicago, IL 60621

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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7416 S May Street