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Listing provided courtesy of Chicago Real Estate ResourcesMREDas Distributed by MLSGrid- MLS# 12530968MLS Provider

7156 S Vincennes AvenueChicago, IL 60621

Commercial · 1 Bed
$200,000 Active

7156 S Vincennes Avenue Overview

Time on Site:
201 days
Visits:
7

Pleased to present a 24-unit multifamily building in Chicago's south side neighborhood of Greater Grand Crossing. The unit mix includes (12) 1 bedroom, 1 bath and (12) studio units. The building is currently vacant and in need of a complete gut rehab. The property is located in a qualified opportunity zone.

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7156 S Vincennes Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Maintenance Expense: 0
  • Net Operating Income: 0
  • Operating Expense: 20553
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1896

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Greater Grand Crossing

Tax Information

  • Tax Annual Amount: $20,553.00
  • Tax Year: 2024

General Information

  • Parcel Number: 20282040270000
  • Property Type: Commercial Sale

Interior

General Information

  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 56' x 105'

General Information

  • Number Of Units Total: 24

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 12

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 12

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

7156 S Vincennes Avenue Neighborhood

Community

60621 (Chicago) Demographics

37
Median Age
7,171
Population Density (per sq. mile)
16%
College Educated
$23,019
Estimated Median Income
2,506
Estimated Total Home Owners
8,240
Estimated Total Renters
23% / 77%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7156 S Vincennes Avenue Monthly Cost

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$ %
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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7156 S Vincennes Avenue Market Data

Based on the last 30 days in this zip code

$189,260
Average List Price
$123
Average Price per Square Foot
3
Properties Sold
85
Average Days on Market
46
Properties for Sale
Calculations provided by Reliance Network

7156 S Vincennes Avenue History

Date Event Value Agent
6/1/2026Source: MRED Status Change
Active
5/27/2026Source: MRED Price Reduction
$200,000 -33.3%
5/27/2026Source: MRED Status Change
Price Change
4/19/2026Source: MRED Status Change
Active
4/14/2026Source: MRED Price Reduction
$300,000 -14.3%
4/14/2026Source: MRED Status Change
Price Change
12/15/2025Source: MRED Status Change
Active
12/10/2025Source: MRED Added to Database
December 10, 2025