8-Unit Brick Apartment
For Sale
$410,000
7157 S Eberhart Avenue, Chicago, IL 60619
Well-kept apartments feature hardwood floors, open layouts, and a varied mix of studio, two-bedroom, and three-bedroom units.
Property SizeContact for details
Days on Market823
Property Features for 7157 S Eberhart Avenue
General Information
Standard status
Active
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA, 2 x 2BR/1BA, 4 x studio
Multifamily Units
8
Additional Details
Cap Rate
9.7%
Taxes and HOA fees
Annual Taxes
$1,769
Building Details
Year Built
1927
Stories
2
Units
8
Construction
brick
Listing Agency:
Hunter's Realty, Inc.
(708) 628-2900
Listed By:
Kaela Clay · License #475190154
(708) 628-2900
Source:
Perillorealestategroup
Added: May 24, 2024
Changed: Aug 21
Last Checked: Aug 23 at 12:17PM
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 Hunter's Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 1927, this all-brick apartment property contains 8 units with a varied configuration: two 3Bd/2Ba apartments, two 2Bd/1Ba apartments, and four studio units. Each residence features hardwood flooring throughout and an open-style layout. The property is being sold As-Is.
The building is located at 7157 S Eberhart Avenue in Chicago’s Grand Crossing neighborhood, less than a block from the 71st & Eberhart bus stop and a short distance from Chicago’s 69th train stop. I-94 Express and I-90 are both nearby, providing regional transportation access. The in-place cap rate is 9.7%.
The building is located at 7157 S Eberhart Avenue in Chicago’s Grand Crossing neighborhood, less than a block from the 71st & Eberhart bus stop and a short distance from Chicago’s 69th train stop. I-94 Express and I-90 are both nearby, providing regional transportation access. The in-place cap rate is 9.7%.
Key Highlights
- 9.7% in‑place cap rate
- 8‑unit all‑brick apartment property built in 1927
- Unit mix includes two 3Bd/2Ba, two 2Bd/1Ba, and four studio apartments
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 60619, IL
63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
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 - Well-kept apartments feature hardwood floors, open layouts, and a varied mix of studio, two-bedroom, and three-bedroom units.
Where is this apartment building located?
The property is located at 7157 S Eberhart Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 9.7% in‑place cap rate; 8‑unit all‑brick apartment property built in 1927; Unit mix includes two 3Bd/2Ba, two 2Bd/1Ba, and four studio apartments
