South Shore Multifamily Investment
For Sale
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7415 S Kimbark Ave, Chicago, IL 60619
31-unit multifamily property in Chicago's South Shore neighborhood.
Property Size22,466 SF
Price / SF$103.49
Days on Market182
Property Features for 7415 S Kimbark Ave
General Information
Standard status
Active
Size
22,466 SF
Property subtype
Multifamily
Building Details
Year Built
1927
Year Renovated
2009
Stories
3
Listing Agency:
Marcus & Millichap - Chicago Downtown
(312) 327-5463
Listed By:
Kyle Stengle · License #IL 475.138461
Source:
Crexi
Added: Feb 9
Changed: Aug 8
Last Checked: Aug 8 at 3:11PM
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 Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Comprehensive gut renovation in 2009, including updated electrical and plumbing.
- Located in Chicago's South Shore, a rapidly growing lakefront neighborhood.
- Balanced unit mix of studios, one‑bedroom, and two‑bedroom apartments.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
926
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 - 31-unit multifamily property in Chicago's South Shore neighborhood.
Where is this apartment building located?
The property is located at 7415 S Kimbark Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,325,000.
What are key features of this property?
This property features: Comprehensive gut renovation in 2009, including updated electrical and plumbing.; Located in Chicago's South Shore, a rapidly growing lakefront neighborhood.; Balanced unit mix of studios, one‑bedroom, and two‑bedroom apartments.
