7415 S Kimbark Ave Chicago, IL 60619

The property at 7415–7423 South Kimbark Avenue is a 31-unit multifamily asset located in Chicago’s South Shore neighborhood. This courtyard-style, yellow brick building offers a mix of studio, one-bedroom, and two-bedroom apartments. The property presents a value-add opportunity through operational efficiencies and strategic upgrades. In 2009, the property underwent a comprehensive gut renovation, modernizing the infrastructure. Upgrades included a 1,600-amp electrical service, copper wiring throughout, individual 100-amp in-unit panels, and five new steel porches. The building also received new plumbing, a common area laundry room, and individual high-efficiency furnaces and water heaters in each unit. Additional improvements include new windows, replacement of structural lintels, extensive tuckpointing, a new roof, and complete interior refurbishments with new drywall, modern trim, new doors, and updated flooring throughout. Since the renovation, ownership has continued to reinvest in the property through proactive maintenance and capital improvements, including ongoing repairs to the roof, porches, tuckpointing, appliance replacements, and selective unit upgrades. South Shore is one of Chicago’s lakefront neighborhoods, poised for long-term growth due to public and private investment. The Obama Presidential Center, revitalization initiatives around Jackson Park, and redevelopment of the South Works site are catalyzing renewed interest. With proximity to Lake Michigan, public transit, and major institutions like the University of Chicago, the property is positioned to attract renters seeking value and accessibility within a vibrant community. The property size is 22466 square feet.