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7304 S Union Ave Chicago, IL 60621

Sponsored
For Sale
$430,000

MULTI_FAMILY - Chicago, IL

Property size:
7,900 SF
Lot size:
0.12 Acres
Days on Market:
1
Last Refresh:
Jan 20 at 3:06 pm

Property Features for 7304 S Union Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Rooms
Bathroom 3, Bathroom 5, Bathroom 4, Bedroom 1, Bedroom 7, Bedroom 3, Bedroom 6, Bedroom 9, Bedroom 4, Basement, Bedroom 5, Bedroom 8, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 6
Bedrooms
9
APN
20281140170000
Basement
Unfinished
Size
7,900 SF
Lot size
0.12 Acres

Utilities

Cooling system
Window Unit(s)

Building Details

Year built
1916
Floors in Building
3
Number of units
6
Building materials
Brick

We can help!

Listing Contact
Rashauna Scott

Keller Williams Chicago ONEChicago (312) 216-2422 [email protected]

Listing agent Rashauna Scott (773) 885-6263

Listing date Jan 20, 2026

MLS# 12547144 Listing URL

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

Solid 6-Unit Brick Building

This 7,900 sq. ft. brick building is a 6-unit multi-family property located on Chicago's South Side. Situated on a 5,000 sq. ft. lot, the property features classic architecture, a secure gated entry, and a welcoming foyer. The property presents an opportunity for investors with strong projected returns. Three of the six units are currently occupied by long-term tenants on month-to-month leases, paying rents substantially below market value, which allows for future rent increases. The remaining three units have been fully renovated and are move-in ready, allowing immediate leasing at market rates and near-term income growth. The property offers cash-on-cash returns and long-term appreciation potential.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.642227
Latitude
41.76134

FAQs

What type of property is this?
Apartment building - Chicago's South Side 6-unit property with immediate upside.
Where is this apartment building located?
The property is located at 7304 S Union Ave Chicago, IL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: - High-Return Investment: 14.5 CAP rate and 5 GRM indicate strong potential for immediate and substantial returns.; - Value-Add Opportunity: Three units with below-market rents offer significant upside through rent increases.; - Turnkey & Income-Producing: Three renovated, move-in-ready units allow for immediate leasing at market rates and near-term income growth.
More about this property
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