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7700 S Emerald Ave, Chicago, IL, 60620

7beds
7baths
3,220sqft
$399,900
$124price/sqft
$3,251/moest. monthly cost
$130,040/yrincome needed

About This Home

Exceptional opportunity at 7700 S. Emerald Ave in Chicago! This spacious rehabbed property features 7 bedrooms, 7 bathrooms, and a 1-car garage, offering incredible flexibility for residential, supportive housing, or business-related use. Renovated in 2026, the property combines classic Chicago character with updated interiors designed for functionality and comfort. Inside, the home features generously sized bedrooms, multiple updated bathrooms, bright common living spaces, and durable modern flooring throughout. Large windows bring in abundant natural light while preserving the home's original architectural charm. The flexible layout is ideal for group living arrangements, transitional housing, supportive care operations, halfway house use, or similar residential-based business opportunities (subject to zoning and licensing requirements). The updated kitchen areas and multiple bathroom configurations provide convenience and efficiency for higher-occupancy living. Several spacious bedrooms include oversized windows and flexible layouts that can accommodate private living quarters, office space, counseling rooms, or shared living arrangements. Additional features include a 1-car garage, updated mechanicals, renovated finishes, and move-in ready condition, as well as an unfinished basement with plumbing ready to add an additional bathroom and living space. This property presents a rare chance to acquire a large-capacity building with income-producing potential and operational flexibility in an established Chicago neighborhood. Whether you are an investor, nonprofit organization, care provider, or entrepreneur seeking a turnkey opportunity, 7700 S. Emerald offers the space, layout, and updates needed to support a variety of residential and community-focused uses.

Getting Around

75
WalkingVery Walkable
61
TransitGood Transit
64
BikeBikeable

Schools

4/10
Oglesby Elementary SchoolGrades PK-80.2 mi
1/10

Construction

Condition

  • Year built: 1893

Materials

  • Construction materials: Frame

Notable Dates

  • Major remodel year: 2026

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished,Full

Bedroom2

  • Level: Main
  • Area: 60
  • Dimensions: 6X10

Bedroom3

  • Level: Main
  • Area: 60
  • Dimensions: 6X10

Bedroom4

  • Level: Main
  • Area: 60
  • Dimensions: 6X10

Bedroom5

  • Level: Second
  • Area: 60
  • Dimensions: 6X10

Bedroom6

  • Level: Second
  • Area: 60
  • Dimensions: 6X10

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 7
  • Full bathrooms: 7

Dining Room

  • Level: Main
  • Area: 70
  • Dimensions: 7X10

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 0
  • Total interior livable area: 3,220 sqft

Kitchen

  • Level: Main
  • Area: 70
  • Dimensions: 7X10

Living Room

  • Level: Main
  • Area: 100
  • Dimensions: 10X10

Master Bedroom

  • Level: Main
  • Area: 60
  • Dimensions: 6X10

Other

  • Level: Second
  • Area: 60
  • Dimensions: 6X10

Property

Accessibility

  • Accessibility features: No Disability Access

Details

  • Parcel number: 20283140260000
  • Special condition: None

Features

  • Stories: 2

Lot

  • Lot size: 3,219 sqft

Parking

  • Total spaces: 1
  • Parking features: Yes,Garage Owned,Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Tsunami

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,022$24,264
Home Insurance *$406$4,872
Property Taxes $576$6,912
Electricity $247$2,972
Total$3,251$39,012
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$111,462/yr
40% on housing$97,530/yr
45% on housing$86,693/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.1%
15.1%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$124This listing

vs Other Active Listings

Avg $/sqft

ZIP 60620$150
Cook County$225

vs Homes Sold Last Month

Median $/sqft

ZIP 60620$126
Cook County$219

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-12Listed for sale$399,900
2025-06-24Listing removed$160,000
2025-02-17Listed for sale$160,000
2019-03-26Listing removed$47,500
2018-08-30Pending sale$47,500
2018-06-26Listed for sale$47,500
2012-03-16Listing removed$850
2012-02-08Listed for rent$850

For Sale by Agent

AgentAlicia Bowens
BrokerageKeller Williams Preferred Rlty

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