16 days on rocket

7842-7844 S Union Ave, Chicago, IL, 60620

$500,000

Home List Price

$5,938*

Closing Credit

10 Bedrooms
4 Baths
House
Schools Nearby

Location

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7842-7844 S Union Ave, Chicago$500,000

Buyer Closing Credits

$5,938*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingAssigned
Year Built1880
HeatingNatural Gas
BasementYes
MLS #12050333
StatusActive

About 7842-7844 S Union Ave

This meticulously-maintained 4-unit brick building is a gem waiting to be uncovered by savvy investors like you. Each unit boasts a winning combination of space and functionality. The first floors feature generous 2-bedroom layouts, complete with family room, dining room, kitchen, and the bonus of a duplex down to a finished basement, perfect for maximizing rental income potential. Meanwhile, the second floors offer spacious 3-bedroom residences with a bath, living room, and dining room. Say goodbye to carpet headaches! This building is adorned with a sleek mix of hardwood and tile floors throughout, ensuring durability and easy maintenance for years to come. With current rents below market value, there's ample room for growth. Three units are already occupied with month-to-month leases, while the fourth unit presents an ideal opportunity for house hacking or securing a new tenant at market rent. Benefit from recent upgrades including a brand-new back deck in 2023, a fully finished basement in 2021, plumbing and tuckpointing enhancements in 2020, electrical and window replacements in 2017, and a roof repair also in 2020. This means less hassle for you and increased appeal for potential renters. Situated in a rapidly evolving Auburn Gresham neighborhood, was selected as one of the priority communities for Chicago's INVEST South/West commercial corridor improvement strategy. The creation of new retail and residential spaces, as well as the renovation of existing buildings to support local businesses and improve the neighborhood's overall vitality. These efforts aim to stimulate economic growth, enhance infrastructure, and foster a vibrant community environment. Don't miss out on this chance to capitalize on a thriving market and unlock the full potential of this investment opportunity. Schedule your viewing today.

Property Details

Property Features

Property Information:

  • Year Built: 1880

Listing Office:

  • Office Name: Keller Williams ONEChicago
  • Office Phone: (312) 216-2422
  • Listing Agent: Lourdes Fernando

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 10

Exterior Features

Parking Information:

  • Parking: Assigned

Utilities

Utilities Information:

  • Heating: Natural Gas

School Info

Assigned Schools Information:

  • Fenger Academy High School, Public District Grades 9-12
  • R. Brown Elementary Community Academy, Public District Grades PK-8

Other

Directions Information:

  • Directions: From 79th st South on Union Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $500,000
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

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Chicago, IL

City

Med. Sold Price

$349K

Med. Price/SqFt

$250

Avg. Days On Market

33

# of Sold Homes

2268

7842-7844 S Union Ave vs Chicago

16 DAYS ON ROCKET

-17 Days

$500,000

+$150.9K More

KEY TAKEAWAY

This property is $150.9K more than the Median Sold Price in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12050333

Listing Office:

  • Office Name: Keller Williams ONEChicago
  • Office Phone: (312) 216-2422
  • Listing Agent: Lourdes Fernando

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2024, 12:45:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4261919
5
/10

  • R. Brown Elementary Community Academy

  • 12607 S Union Ave

  • 0.41 miles

  • Public District Grades PK-8

High School

school-card-donut-4261920
1
/10

  • Fenger Academy High School

  • 11220 S Wallace St

  • 2.12 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,098. Residents of Chicago, IL typically earn between $35k-100k each year. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7842-7844 S Union Ave

What is the listing price of this property?

The listing price of 7842-7844 S Union Ave property is $500,000.

What type of property is this?

The property 7842-7844 S Union Ave is a house located in Chicago, Illinois, 60620.

Is this property for sale now?

Active Listing: 7842-7844 S Union Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 7842-7844 S Union Ave are:
R. Brown Elementary Community Academy: GreatSchools Rating 5/10
Fenger Academy High School: GreatSchools Rating 1/10

How many bedrooms and bathrooms does this property have?

The property at 7842-7844 S Union Ave has 10 bedrooms and 4 bathrooms.

Which year was this property built?

The year of construction for 7842-7844 S Union Ave is 1880.

Rocket Homes›Illinois›Cook County›Chicago›60620›7842-7844 S Union Ave

This home is located at 7842-7844 S Union Ave in Chicago, IL and zip code 60620 in the Far Southeast Side neighborhood. This home was built in 1880. Features: 10 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 12, 2024 and is currently priced at $500,000.

Chicago, IL housing market in April 2024 saw over 867 listings sold above listed price, more than 378 sold at listed price and over 1023 sold below. The number of homes for sale in Chicago, IL increased by 18.4% between March 2024 and April 2024. In April 2024 median list price was $349,097 and the average listing age was 33 days.

From Rocket Homes Real Estate and based on county public records data.

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