7304 S Union Ave

Chicago, IL 60621

$430,000
Price
9
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
an empty room with wooden floor fireplace and windows
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor fireplace and a window
a view of an empty room with wooden floor fireplace and a window
a view of an empty room with wooden floor and a window
an empty room with wooden floor and windows
an empty room with wooden floor and windows
a view of a hallway with wooden floor and staircase
a kitchen with stainless steel appliances a refrigerator a stove and a sink
a view of balcony with wooden floor
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor and a window
an empty room with wooden floor and a window
a view of an empty room with wooden floor and a window
a view of a hallway with wooden floor and staircase
an empty room with wooden floor and windows
a view of a hallway with wooden floor and stairs
a view of kitchen with wooden floor electronic appliances and cabinets
a view of a hallway with wooden floor
a white toilet sitting next to a bathroom sink and a window
an empty room with wooden floor and windows
an empty room with wooden floor fireplace and windows
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor and a window
a view of a hallway
a kitchen with cabinets appliances and a wooden floor
a front view of a building with street view
an aerial view of a residential apartment building with a yard
an aerial view of a city

Description

Pleased to present 7304 S. Union Avenue, a 6-unit multifamily investment opportunity located on Chicago's South Side. Offered at a purchase price of $430,000, this apartment property provides investors with immediate cash flow, strong in-place returns, and a clear pathway to value enhancement through lease-up and rent optimization. The property consists of a balanced unit mix of (3) one-bedroom / one-bathroom units averaging approximately 1,075 SF and (3) twobedroom / one-bathroom units averaging...Pleased to present 7304 S. Union Avenue, a 6-unit multifamily investment opportunity located on Chicago's South Side. Offered at a purchase price of $430,000, this apartment property provides investors with immediate cash flow, strong in-place returns, and a clear pathway to value enhancement through lease-up and rent optimization. The property consists of a balanced unit mix of (3) one-bedroom / one-bathroom units averaging approximately 1,075 SF and (3) twobedroom / one-bathroom units averaging approximately 1,305 SF, totaling roughly 7,140 rentable square feet on a 0.11-acre lot. Originally constructed in 1914, the building benefits from large floor plans that support competitive rent growth relative to the surrounding market. The asset generates the potential for $80,400 in gross scheduled rent once the remaining 3 units are occupied, producing an effective gross income of $76,380 after a conservative vacancy assumption. Our team is also assisting with backfilling the available units to prove the pathway to profit. At stabilized operations, the property delivers a Net Operating Income (NOI) of $44,032, equating to a compelling 10.24% in-place cap rate. Upon stabilizing occupancy and achieving market rents, projected Year 1 gross scheduled rent increases to $102,508, with NOI growing to approximately $62,246, supporting a pro forma cap rate of 14.48%. Operating expenses are efficiently managed at approximately 42.4% of effective gross income in-place, improving to 36.1% at stabilization, driven by scale efficiencies and increased income rather than aggressive expense assumptions. The investment is underwritten with conservative vacancy, realistic market rents, and no assumed capital expenditures, making it well-suited for both value add and cash-flow-oriented investors. With favorable pricing at approximately $71,667 per unit and $60 per square foot, 7304 S. Union Ave presents an attractive entry point into the Chicago multifamily market, offering strong yield, upside through lease-up, and long-term appreciation potential. This offering represents an ideal opportunity for investors seeking high cash-on-cash returns, operational upside, and a scalable multifamily asset in a supply-constrained urban submarket.
  1. Listed by Rashauna Scott • Keller Williams ONEChicago
    P: (773)-885-6263 rashaunascott@kw.com
  2. Listed by Travis Montgomery • Keller Williams ONEChicago
    P: (773)-946-8816 travis.m@kwcommercial.com

Property Details for 7304 South Union Avenue

Area
CHI - Englewood
Air Conditioning Type
Window Unit(s)
LISTING UPDATED: 01/28/2026 02:04 AM

Property Details for 7304 South Union Avenue

StatusActive
MLS #12547144
Days on Market13
Taxes$5,826 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1916
Lot Size0.11 AC / 5,000 SF
CountyCook County

Location

Listing Courtesy of Keller Williams ONEChicago
Add your commute

Building Information for 7304 South Union Avenue

Stories3Residences6Year Built1916Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$2,581 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,096

Property Taxes

$486

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7304 South Union Avenue

General Information
Location and General Information
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Type: Unfinished
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Gas,Radiators,Radiant
  • # Of Refrigerators: 6
  • Num of Baths: 6.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 40x125
  • Lot Size Square Feet: 5000.0
  • Stories: 3
  • Construction: Brick
  • Building Area Total: 7902
  • # Of Ranges: 6
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2026-01-16T16:11:45
  • Photos Count: 92
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Combination
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Combination
  • Janitor Expense: 0
  • Trash Expense Source: Combination
  • Total Monthly Income: 0
  • Water Expense Source: Combination
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 7304 South Union Avenue

DateEvent & SourcePriceAppreciation
Jan 20, 2026

Listed (Active)

MRED #12547144

$430,000—
Jan 12, 2026

Cancelled

MRED #12533000

$445,000—
Jan 6, 2026

Listed (Active)

MRED #12533000

$445,000—
Dec 29, 2025

Contingent

MRED #12533000

—
Dec 15, 2025

Listed (Active)

MRED #12533000

$445,000—
Dec 15, 2025

Cancelled

MRED #12519543

$445,000—
Nov 17, 2025

Cancelled

MRED #12500883

$460,000—
Nov 17, 2025

Listed (Active)

MRED #12519543

$445,000—
Oct 21, 2025

Listed (Active)

MRED #12500883

$460,000—
Oct 15, 2025

Cancelled

MRED #12485510

$472,000—
Oct 1, 2025

Cancelled

MRED #12375382

$465,000—
Oct 1, 2025

Listed (Active)

MRED #12485510

$472,000—
Sep 10, 2025

Contingent

MRED #12375382

—
Aug 27, 2025

Listed (Active)

MRED #12375382

$500,000—
Aug 11, 2025

Contingent

MRED #12375382

—
Jul 26, 2025

Price Change

MRED #12375382

$465,000—
Jun 25, 2025

Price Change

MRED #12375382

$485,000—
May 26, 2025

Listed (Active)

MRED #12375382

$500,000—
Dec 8, 2023

Sold

MRED #11894290

$340,000—
Dec 1, 2023

Expired

MRED #11894290

$319,900—
Oct 25, 2023

Pending

MRED #11894290

—
Oct 25, 2023

Contingent

MRED #11894290

—
Oct 6, 2023

Listed (Active)

MRED #11894290

$319,900—
DateEvent & SourcePrice
01/20/2026

Listed (Active)

MRED #12547144

$430,000
01/12/2026

Cancelled

MRED #12533000

$445,000
01/06/2026

Listed (Active)

MRED #12533000

$445,000
12/29/2025

Contingent

MRED #12533000

—
12/15/2025

Listed (Active)

MRED #12533000

$445,000
12/15/2025

Cancelled

MRED #12519543

$445,000
11/17/2025

Cancelled

MRED #12500883

$460,000
11/17/2025

Listed (Active)

MRED #12519543

$445,000
10/21/2025

Listed (Active)

MRED #12500883

$460,000
10/15/2025

Cancelled

MRED #12485510

$472,000
10/01/2025

Cancelled

MRED #12375382

$465,000
10/01/2025

Listed (Active)

MRED #12485510

$472,000
09/10/2025

Contingent

MRED #12375382

—
08/27/2025

Listed (Active)

MRED #12375382

$500,000
08/11/2025

Contingent

MRED #12375382

—
07/26/2025

Price Change

MRED #12375382

$465,000
06/25/2025

Price Change

MRED #12375382

$485,000
05/26/2025

Listed (Active)

MRED #12375382

$500,000
12/08/2023

Sold

MRED #11894290

$340,000
12/01/2023

Expired

MRED #11894290

$319,900
10/25/2023

Pending

MRED #11894290

—
10/25/2023

Contingent

MRED #11894290

—
10/06/2023

Listed (Active)

MRED #11894290

$319,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7304 South Union Avenue

Taxable ValueLand$3,750Additions$8,598Total$12,348
Tax Record2018$1,760 ($147 / month)
Home Facts
Baths6Total Finished SqFt7,902 SqFtAbove Grade Finished SqFt7,902 SqFtStories3Lot Size5,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1911CountyCOOKAPN20281140170000

Schools near 7304 South Union Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Dr. Martin Luther King, Jr. Academy of Social Justice
Public - PK to 8
Englewood STEM High School
Public - 9 to 12
CICS Northtown
Charter - 9 to 12
Stone Elementary Scholastic Academy
Public - K to 8
Rating
School
Distance
Dr. Martin Luther King, Jr. Academy of Social Justice
PublicPK to 8

Englewood STEM High School
Public9 to 12

CICS Northtown
Charter9 to 12

Stone Elementary Scholastic Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 7304 South Union Avenue, Chicago, IL 60621

7304 South Union Avenue is a multi-family home for sale in Chicago, IL 60621. This property was listed for sale on January 20, 2026 by Keller Williams ONEChicago, it's currently listed at $430,000. It has been on the market for a total of 13 days and was last sold on December 8, 2023. This listing's school district is Chicago Public Schools. Nearby schools include Dr. Martin Luther King, Jr. Academy of Social Justice, Englewood STEM High School and CICS Northtown. 7304 South Union Avenue is a 9-bed, 6-bath, multi-family home built in 1916.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams ONEChicago

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/28/2026 02:04 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.