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    7833 S Kingston Ave Chicago, IL 60649

    For Sale
    $699,000

    Commercial Sale - Chicago, IL

    Property size:
    14,880 SF
    Lot size:
    0.17 Acres
    Days on Market:
    51
    Last Refresh:
    Dec 12 at 1:06 am

    Property Features for 7833 S Kingston Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    21303280070000
    Size
    14,880 SF
    Lot size
    0.17 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1924
    Number of units
    6
    Architectural style
    Other

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

    Listing agent Tommy Choi (312) 216-2422 License #471004140

    Listing date Oct 23, 2025

    MLS# 12499564 Listing URL

    Copyright © 2025 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.

    Overview

    South Shore Multifamily Investment Opportunity

    This is a 6-unit multifamily property located in the South Shore neighborhood. The brick building features center entrances at the front and back, as well as rear parking. The unit mix consists of four 2-bedroom, 1-bath units and two 3-bedroom, 1-bath units. Each unit includes a large living room, two or three bedrooms, a dining or family room, and a separate kitchen with a pantry that leads to an enclosed back porch. Over half of the apartments have been completely remodeled to achieve higher market rents. The new owner has the opportunity to complete the rehabilitation of additional units and capitalize on market rent appreciation, or easily convert the remaining 2-bedroom units into 3-bedroom units. The property offers immediate value-add potential from the moment of acquisition. It is conveniently located near public transportation, including the Metra, and Lake Michigan, and is surrounded by grocery stores and shops. The lot size is 0.17 acres, and the property size is 14880 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.5622676
    Latitude
    41.7525974

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    FAQs

    What type of property is this?
    Apartment building - Value-add 6-unit property near Lake Michigan and public transportation.
    Where is this apartment building located?
    The property is located at 7833 S Kingston Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Value-add investment opportunity with potential to increase rents through renovation and unit conversion.; - Discounted package offering with adjacent identical 6-unit building (MLS#12499606).; - Immediate cash flow potential upon acquisition.
    (312) 216-2422
    Request Owner's contact information
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    Chicago, IL 60649
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7833 S Kingston Ave Chicago, IL 60649
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