18-Unit Multifamily
For Sale
$875,000
7342 S Kingston Ave, Chicago, IL 60649
Apartment building with 18 units, including in-unit natural light, hardwood floors, and a renovated infrastructure package.
Property Size13,095 SF
Days on Market136
Property Features for 7342 S Kingston Ave
General Information
Standard status
Active
Size
13,095 SF
Property subtype
Multifamily
Additional Details
Cap Rate
13.83%
Highway Access
Yes
Multifamily Units
18
Amenities
on-site laundry facility
Building Details
Building Size
13,095 SF
Year Built
1922
Listed By:
Noah Birk · License #IL #475125864
(630) 209-3622
Source:
Kisergroup
Added: Apr 24
Changed: Aug 31
Last Checked: Sep 5 at 4:19AM
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 Noah Birk
Investment Insights
Based on property information with market context.
This residential income property offers 18 units total, currently configured as fifteen 2Bd/1Ba apartments and three 1Bd/1Ba apartments. Units are described as having spacious layouts with hardwood floors and abundant natural light. The building has undergone extensive renovations, including a new roof, a boiler with an R&D control system, an on-site laundry facility, and a range of cosmetic updates.
The property is located in Chicago’s South Shore neighborhood and is described as being just blocks from Lake Michigan and Rainbow Beach Park. It is also positioned near Lake Shore Drive for convenient access to downtown.
The existing unit mix and documented renovation scope support a straightforward multifamily hold, with the offering materials citing current performance metrics including an in-place cap rate and cash return.
The property is located in Chicago’s South Shore neighborhood and is described as being just blocks from Lake Michigan and Rainbow Beach Park. It is also positioned near Lake Shore Drive for convenient access to downtown.
The existing unit mix and documented renovation scope support a straightforward multifamily hold, with the offering materials citing current performance metrics including an in-place cap rate and cash return.
Key Highlights
- 18‑unit multifamily building built in 1922 in Chicago’s South Shore neighborhood
- Unit mix includes fifteen (15) 2Bd/1Ba and three (3) 1Bd/1Ba units
- Renovations include a new roof, boiler with R&D control system, and an on‑site laundry facility
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,175
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building with 18 units, including in-unit natural light, hardwood floors, and a renovated infrastructure package.
Where is this apartment building located?
The property is located at 7342 S Kingston Ave Chicago, IL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 18‑unit multifamily building built in 1922 in Chicago’s South Shore neighborhood; Unit mix includes fifteen (15) 2Bd/1Ba and three (3) 1Bd/1Ba units; Renovations include a new roof, boiler with R&D control system, and an on‑site laundry facility
