Grand Crossing neighborhood of Chicago, this solid brick 2-unit property offers a great opportunity for both investors and owner-occupants. Each unit features 3 spacious bedrooms and 1 full bathroom, for a total of 6 bedrooms and 2 bathrooms across approximately 2,790 square feet of living space. The property is currently completely vacant, making it ideal for immediate occupancy or renovation plans. Recent updates include newer furnaces serving the basement and first floor, updated gas lines (approximately 1 year old), and a fully refreshed 2-car garage with brand-new siding and a new garage door. The unfinished basement provides excellent potential to add additional living space, increase rental income, or create a customized layout to suit your needs. This property is perfect for investors looking to add value or buyers seeking a multi-unit with strong upside in a growing Chicago neighborhood.
Greater Grand Crossing, located between Washington Park and Chatham, is a residential and historic Chicago neighborhood with a rail-lined street grid and classic brick two-flats. The neighborhood’s character concentrates around 75th Street and South Chicago Avenue, where corner groceries, barbershops, carryouts, and storefront churches set a steady, lived-in rhythm. Architectural details lean toward early-20th-century masonry flats, greystones, and bungalow blocks with deep front yards. The former Park Manor station site and the Metra Electric tracks mark the area’s industrial-era geography. Theaster Gates’ Stony Island Arts Bank and the South Shore Cultural Center sit nearby as cultural anchors tied closely to local life.
Provided by Walk Score and Local Logic
Offer insights
7316 S Perry Ave · $210,000
$212K and above
75% chance or better to win
Why $212K+ is a strong offer
SALE-TO-LIST
99.5%
Most homes are selling 1% below list price.
LIST PRICE
$210,000
Median list price in this area is $483,855. (130% higher than this home)
About offer insights
Property details
Interior
Exterior
Finance
Interior features
7 total rooms
Unfinished full basement
Bedrooms
Two 3-bedroom units (one on the 1st floor, one on the 2nd floor) — total 5 bedrooms listed overall
Bathrooms
2 full bathrooms (building total)
Each unit has 1 full bathroom
Kitchen
Each unit includes a stove and refrigerator
Laundry & utility
Tenant pays utilities as noted per unit (one unit lists tenant pays None, the other lists tenant pays All)
Heating & cooling
Natural gas heating
Exterior features
Lot dimensions approximately 25 x 125
Lot less than 0.25 acre
Home design
Two- to four-unit property
Fee simple ownership
Building is over 100 years old
Not rebuilt or recently rehabbed
Two units in the building
Parking
Detached garage with 2 garage spaces (2 parking spaces total)
Construction
Brick construction
Built before 1978
Utilities
Water supplied from Lake Michigan
Public sewer
Financial info
No special service area
Tax information available (tax year 2025)
Other
Possession at closing
Electricity and solar
View estimated energy costs and solar savings for this home
The primary purpose of the RS districts is to accommodate the development of detached houses on individual lots. It is intended that RS zoning be applied in areas where the land-use pattern is characterized predominately by detached houses on individual lots or where such a land use pattern is desired in the future. The Zoning Ordinance includes three RS districts - RS3 - which are differentiated primarily on the basis of minimum lot area requirements and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Other
Infrastructure
Educational / school
Library
Recreation
Cemetery
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 100° expected this year, 15 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60621
Average low and high temperatures (°F)
30
18
39
25
54
36
61
44
67
52
80
65
85
71
81
67
79
62
68
52
52
40
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
79/ 100
Good sunlight
Sunscore
This home ranks in the top 26% for direct sun exposure in Chicago. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 7316 S Perry Ave
$202,262
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $90K to $299K.