6240 S Evans Ave, Chicago, IL
8 bd · 3 ba · 0 sqft Multi-Family listed at $350,000, built in 1916 in the South Side neighborhood.
About this home
An excellent opportunity for both investors and owner-occupants at this 2-unit property offering immediate usability with value-add potential. The building features spacious units with functional layouts, providing a strong foundation for those looking to make modest cosmetic updates to enhance value, increase rents, or personalize their living space. For owner-occupants, this is a prime house-hack opportunity-live in one unit while generating income from the other, with the flexibility to update over time. For investors, the property offers consistent rental demand in the area and the chance to improve cash flow through light renovations. Conveniently located near public transportation, schools, parks, and major thoroughfares, this property balances accessibility with long-term investment appeal. Property is being sold AS-IS, making it a straightforward opportunity for buyers who recognize the upside in strategic cosmetic improvements. Whether your goal is steady income, appreciation, or both, 6240 S Evans Ave presents a smart and flexible investment.
Property details
- Price
- $350,000
- Bedrooms
- 8
- Bathrooms
- 3
- Year built
- 1916
- Type
- Multi-Family
- Days on market
- 126
- Est. property tax
- $7,280/yr · $607/mo · 2.08% IL avg
- Last sold
- $16,800 · Feb 1993
Estimated monthly payment
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Price history
- Apr 2, 2026$350,000Relisted
- Jan 1, 2026$350,000Price change
- Dec 21, 2025$370,000Initial list price
- Jun 1, 1986$42,500Sold
Location
This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.
About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)
Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.
Home Intelligence
Neighborhood (zip 60637)
This neighborhood skews young (median age 31.2) and is primarily renter-occupied (26% owner-occupied). 14% hold a bachelor's degree; median household income is $37,247.
- Median income
- $37,247
- Median age
- 31.2
- Owner-occupied
- 25.7%
- Bachelor's degree
- 14.4%
- Census median home value
- $240,600
Source: US Census Bureau American Community Survey 5-year estimates.
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