7645 S Morgan St Chicago, IL 60620
Auburn Gresham NeighborhoodEstimated payment $2,249/month
About This Home
Investors, welcome to this fully rehabbed, turn-key 2-unit property with a partially finished, full basement that includes a newly renovated full bathroom. This rental cash-flows $3,580/month in rental income an ideal addition to your portfolio! Each unit features separate living and dining areas, along with fully updated kitchens showcasing quartz countertops, shaker cabinets, and brand-new stainless steel appliances. The property also includes a 2-car garage, one space is already being rented for $100 leaving the other space available to be rented for an additional $100. There is also an additional covered parking space, offering convenience for tenants. Located just one block from the upcoming Metra station and minutes from the Red Line and Dan Ryan Expressway, this location is perfectly situated for easy commuting and rental appeal. Recent updates (2025) include : Basement waterproofing, New sump pump , Sealed flat roof with 15-year roof certification, New pipes installed in both units, and the basement has newly installed washer and dryer hookup. Rental Breakdown: Unit 1: $1,750/month / Unit 2: $1,830/month : Total: $3,580/month. Don't miss this amazing opportunity to own a fully leased, income-generating property.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,954
Year Built
- Built in 1910 | Remodeled in 2025
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 40 x 125
- Level Lot
Parking
- 2 Car Garage
- Parking Included in Price
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 3 Bathrooms
Basement
- Basement Fills Entire Space Under The House
Schools
- Woodlawn Elementary School Commu
- Oglesby Elementary Middle School
- Simeon Career Academy High Schoo
Utilities
- Radiator
- Heating System Uses Steam
- Heating System Uses Natural Gas
Community Details
- 2 Units
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/22/2025 09/22/25 | For Sale | $377,777 | +137.6% | -- |
01/24/2025 01/24/25 | Sold | $159,000 | -2.5% | -- |
12/17/2024 12/17/24 | Pending | -- | -- | -- |
12/08/2024 12/08/24 | For Sale | $163,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12477764

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