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Property Description

Prime Value-Add investment opportunity in nice South Shore neighborhood. 12-unit m/u property, comprised of (8) 2 Bedroom/1Bath Units, and (4) 3 Bedroom/1 Bath units. Two 6-unit brick buildings, 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.

Overview

Property Status
For Sale
Lot Size
7,405.2 Sq.Ft.
MLS ID
12547159
Property Type
Multi-Family
Year Built
1929

Features & Amenities

Total Area
29,760 Sq.Ft.
Stories
3
Air Conditioning
Central Air
Sales Price
$1,299,000
Real Estate Tax
$10,162/yr
Zoning
MULTI

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7839 S Kingston Avenue

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for your interest in 7839 S Kingston Avenue, Chicago, IL 60649

7839 S Kingston Avenue
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7839 S Kingston Avenue
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  • Conveniently located a short distance from public transportation, including Metra, beautiful Lake Michigan, and surrounded by numerous grocery stores and shops.

    Weinberg Choi Residential

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7839 S Kingston Avenue

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