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Lisa Hillman

lisahillman@johngreenerealtor.com +1(630) 276-8455

Listed by Tommy Choiof Keller Williams ONEChicago

$ 674,500

Est. payment -/mo

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Active

7833 S Kingston Avenue Chicago, IL 60649

14,880 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 14,880 sqft

Price per Sqft $45

MLS Listing ID 12547151

Year Built 1924

Annual Tax Amount $5,081

Tax Year 2023

Lot Size 7,405 Sqft

Lot Dimensions 14880

Property Sub-Type Multi Family 5+

Property Description

Prime Value-Add investment opportunity in nice South Shore neighborhood. 6-unit m/u property, comprised of (4) 2 Bedroom/1Bath Units and (2) 3 Bedroom/1 Bath units. (Being offered as discounted package with adjacent 6-unit identical building. MLS#12499606) 6-unit brick building, with center entrances front and back, with rear parking. Each unit with large bright living room, 2 or 3 full bedrooms, dining/family room, and separate kitchen with pantry and leading to back enclosed porch. Over half of the apartments have been completely remodeled to leverage higher market rents. New owner can complete rehab of additional units and leverage appreciation of market rents, or easily convert all remaining 2 bedrooms into 3 bedrooms. The opportunity is here to step into cash flow on day one and to also improve overall performance through leasing and management. Conveniently located a short distance from public transportation, including Metra, beautiful Lake Michigan, and surrounded by numerous grocery stores and shops. This multifamily opportunity offers immediate value-add potential from the moment of acquisition.

Location

State IL

County Cook

Zoning MULTI

Rooms

Basement Unfinished

Interior

Cooling Central Air

Fireplace N

Exterior

View Y/N true

Building

Foundation Brick/Mortar, Concrete Perimeter

Structure Type Brick

Others

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Nearby School & Business

SCHOOLSPROPERTIES

Elementary Schools 3

1

Powell Paideia Community Academy Elementary School

Public | KG - 8
1

Bradwell Communications Arts and Sciences Elementary School

Public | KG - 8
0

South Central Community Services - South Shore

Private | 4 - 12

School and business data provided by Attom Data.