7416 S May St

Chicago, IL 60621
  • $289,000

    Price
  • 6

    Bed
  • 2

    Bath
  • 0

    SqFt

About the Listing 85436 - 882635

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!

Listing Highlights

Status Active
Days on Site 4
Property Type Multi-Family
MLS ® 12541524
Year Built 1890
Total Square Footage 0
Lot/Acreage 0.07
County Cook
School District 299

Interior Details

  • Bedrooms: 6
  • Bathrooms: 2 Full
  • Appliances:
  • Air Cond:
  • Heating: Natural Gas
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement: Crawl Space
  • Other:
  • Water: Lake Michigan

Exterior Details

  • Garage Capacity: N/A
  • Parking Spaces: 0
  • Lot Dimensions: 25X125
  • Roof:
  • Others:
  • Sewer: Other

Financial Details

  • Tax Amount: $2,411
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 20292240250000
  • Tax Year: 2024

Payment Calculator

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Questions About..

7416 S May St Chicago, IL 60621

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Originating MLS: mred

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