Renovation-Ready 17-Unit Apartment
For Sale
Contact for pricing
7550-58 S Kingston Ave, Chicago, IL 60649
Cream-colored brick 17-unit building with renovation potential and existing unit configuration for flexible re-layouts.
Property SizeContact for details
Days on Market121
Property Features for 7550-58 S Kingston Ave
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
17
Listing Agency:
EGP Realty
Listed By:
Scott Siegel, MBA · License #471011328
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 22 at 2:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EGP Realty
Investment Insights
Based on property information with market context.
7550-58 S. Kingston is a cream-colored brick 17-unit apartment building presented as a renovation-ready value-add opportunity. The property is currently composed of 12 jumbo 2-bedroom, 2-bath units, 3 large 1-bedroom, 1-bath units, and 2 garden studio units, offering multiple potential paths to reconfigure unit layouts. A portion of capital improvements was completed in 2013, including tuckpointing, lintels, and new windows.
The asset is described in the provided materials as well-located on the South Shore. It is offered for sale.
For investors or operators seeking a manageable renovation scope, the existing mix of units provides a framework for updating and re-leasing after stabilization.
The asset is described in the provided materials as well-located on the South Shore. It is offered for sale.
For investors or operators seeking a manageable renovation scope, the existing mix of units provides a framework for updating and re-leasing after stabilization.
Key Highlights
- Cream‑colored brick 17‑unit building with value‑add renovation potential.
- 12 jumbo 2BR/2BA units can be converted to 3BR/2BA layouts.
- 3 large 1BR/1BA units can be converted to 2BR/1BA layouts.
Property Analytics
Current Use
Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
1,155
Businesses Nearby
Explore this area
Business Placement
Demographics for 60649, IL
48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Cream-colored brick 17-unit building with renovation potential and existing unit configuration for flexible re-layouts.
Where is this apartment building located?
The property is located at 7550-58 S Kingston Ave Chicago, IL.
What are key features of this property?
This property features: Cream‑colored brick 17‑unit building with value‑add renovation potential.; 12 jumbo 2BR/2BA units can be converted to 3BR/2BA layouts.; 3 large 1BR/1BA units can be converted to 2BR/1BA layouts.
