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
Price:
$340,000
MLS #:
MRD12423939
Status:
Active
Beds:
5
Baths:
2
Type:
Multi Family
Neighborhood:
chisouthshore
Listed Date:
Jul 18, 2025
Year Built:
1922
Schools
School District:
299
Interior
Heating
Natural Gas, Radiator(s)
Exterior
Architectural Style
Bi-Level
Community Features
Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Parking Features
Garage Door Opener, On Site, Garage Owned, Detached, Garage
Parking Spots
2
Roof
Flat
Financial
Tax Year
2023
Taxes
$2,964
Listing Agent & Office
Kelsey Kyser
Baird & Warner
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7846 S Bennett Avenue
Chicago, IL


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