BEDS0
BATHS
SQUARE FEET29,760
MLS#12547159
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Lot Size: 0.17 Acres
Stories: 3.0
Taxes: $10,162
Year Built: 1929
Feature Descriptions
Current Use: Multi-Family
Electric: Circuit Breakers
Exterior: Brick
HVAC: Forced Air, Gas
Lot Dimensions: 29760
Parcel#: 21303280080000
Parking: 6-12 Spaces
Potential Use: Condominium
Tenant Pays: Air Conditioning, Electricity, Heat
Units: 12
Listed By / Shown By
Listed By
Agency Name: Keller Williams ONEChicago
Agency Phone: 312-216-2422
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 4,116.72 per month $2,891.01 Principal & Interest $846.83 Property Tax $378.88 Homeowner's InsuranceChange Payment Information
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7839 S Kingston Avenue | MLS# 12547159
This multi-family property located at 7839 S Kingston Avenue, Chicago, IL 60649 is currently listed for sale with an asking price of $1,299,000. Search Chicago real estate on www.bhhscrosby.com today.