For Sale

$589,900

For sale

7923 S••••• Wolcott Ave (Sign up for 50 free credits to unlock)Chicago, IL 60620

12Beds

6Baths

-Sq Ft Living

-Sq Ft Lot

1929Year Built

Property Description

MOTIVATED SELLER. 6 unit value added opportunity. Well maintained owner occupied 6 unit building. Significant potential for increased income as units turn over. Building is 8,499 square feet on a 6,200 lot. Units have 2 large bedrooms, 1 bath, spacious dining room and enclosed porch. Large unfinished basement. 4 car brick garage with new roof (2024) can produce additional income. Newer boiler (April 2026).

Property Facts & Features

Property Type: Multi Family
Status: For Sale
Listed: Aug 2, 2026
ZIP Code: 60620
Full Baths: 6
Stories: 3
Construction: Brick
Neighborhood: Far Southwest Side
County: Cook
School District: Chicago Public Schools

Features & Amenities

Bedrooms

Bedrooms: 12

Bathrooms

Full Bathrooms: 6

Land Info

Additional Parcels: No
Lot Size Dimensions: 6200
Lot Size Source: County Records

Utilities

Electric: Circuit Breakers
Electric Expense: 507
Sewer: Public Sewer
Water Sewer Expense: 2519
Water Source: Municipal Water

Other Rooms

Basement Features: Unfinished, Storage Space

Rental Info

Gross Income: 54000
Tenant Pays: Electricity

Commercial Info

Net Operating Income: 38910
Operating Expense: 22105

Multi-Unit Info

Number of Units: 6
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Full Bathrooms in Unit-5: 1
Full Bathrooms in Unit-6: 1

Heating and Cooling

Fuel Expense: 9255

Other Property Info

Annual Tax Amount: 1987
Source Listing Status: Active Under Contract
County: Cook
Current Use: Multi-Family
Directions: North or South on Damen Avenue to 80th street east to Wolcott north to address.
Tax Year: 2024
Area: CHI - Auburn Gresham
Source Neighborhood: CHI - Auburn Gresham
Parcel Number: 20312020120000
Trash Expense: 2809
Zoning: MULTI
Property Subtype: Multi Family 5+

Building and Construction

Year Built: 1929
Building Area Total: 8499
Construction Materials: Brick
Habitable Residence: Yes

Price & Event History

Date	Event	Price	$/Sq Ft
Sep 22, 2026	Price Changed	$589,900	-
Aug 2, 2026	Listed	$649,900	-

Nearby Schools

6/10
Joplin Elementary School
Public · Elementary, Middle · Grades K-8
0.1 mi
1/10
Hirsch Metropolitan High School
Public · High · Grades 9-12
3.5 mi
NR
Kingdom Connection Academy
Private · Elementary, Middle, High · Grades K-12
0.2 mi
NR
Raekwon's Scholastic Daycare Academy LLC
Private · Elementary · Grades K
0.2 mi