7846 S Bennett Ave Chicago, IL 60649
South Shore NeighborhoodEstimated payment $2,023/month
About This Home
Investor Opportunity - Three-Unit Potential Welcome to 7846 S Bennett Ave, an income-generating brick multi-unit located on a quiet residential block in Chicago's South Shore neighborhood. This property currently features two occupied units producing rental income plus an unfinished basement with potential to be converted into a third unit-a prime value-add opportunity for investors. Investment Highlights: * Three-Unit Potential: Two units are tenant-occupied, providing immediate cash flow. Basement is ready for build-out to add a third income stream. * Updated Features: Kitchens and baths have been refreshed, hardwood floors preserved, and layouts offer spacious living/dining areas. * Parking Advantage: Two-car detached garage increases rental appeal. * Location: Steps from CTA bus routes and the Metra Electric 79th St. station. Minutes from the lakefront, South Shore Cultural Center, local parks, shopping, and dining. Why Investors Will Love It: This property offers both stability and upside: current income with room to grow. Renovate the lower level to maximize NOI, or hold as-is with long-term tenants in place. Whether you're expanding your portfolio or entering the South Shore rental market, 7846 S Bennett is a solid addition.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,964
Year Built
- Built in 1922
Lot Details
- Chain Link Fence
- Paved or Partially Paved Lot
Parking
- 2 Car Garage
Home Design
- Bi-Level Home
- Flat Roof Shape
- Brick Exterior Construction
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- 2 Bathrooms
Basement
- Basement Fills Entire Space Under The House
Utilities
- Radiator
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 2 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,964 | $25,100 | $2,835 | $22,265 |
| 2024 | $2,964 | $25,100 | $2,835 | $22,265 |
| 2023 | $2,880 | $14,000 | $4,725 | $9,275 |
| 2022 | $2,880 | $14,000 | $4,725 | $9,275 |
| 2021 | $2,815 | $14,000 | $4,725 | $9,275 |
| 2020 | $3,433 | $15,410 | $3,402 | $12,008 |
| 2019 | $963 | $4,793 | $3,402 | $1,391 |
| 2018 | $947 | $4,793 | $3,402 | $1,391 |
| 2017 | $1,034 | $4,802 | $3,024 | $1,778 |
| 2016 | $962 | $4,802 | $3,024 | $1,778 |
| 2015 | $880 | $4,802 | $3,024 | $1,778 |
| 2014 | $796 | $4,292 | $2,646 | $1,646 |
| 2013 | $781 | $4,292 | $2,646 | $1,646 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/05/2025 11/05/25 | Pending | -- | -- | -- | |
| 07/18/2025 07/18/25 | For Sale | $340,000 | +41.1% | -- | |
| 10/02/2020 10/02/20 | Sold | $241,000 | +7.1% | -- | View Prior Sale |
| 07/09/2020 07/09/20 | Pending | -- | -- | -- | |
| 07/03/2020 07/03/20 | For Sale | $225,000 | 0.0% | -- | |
| 06/23/2020 06/23/20 | Pending | -- | -- | -- | |
| 06/15/2020 06/15/20 | For Sale | $225,000 | 0.0% | -- | |
| 05/14/2020 05/14/20 | Pending | -- | -- | -- | |
| 05/13/2020 05/13/20 | For Sale | $225,000 | +350.0% | -- | |
| 08/13/2019 08/13/19 | Sold | $50,000 | 0.0% | -- | View Prior Sale |
| 05/17/2019 05/17/19 | Pending | -- | -- | -- | |
| 05/16/2019 05/16/19 | For Sale | $50,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12423939
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