South Shore Multifamily Investment
7415 S Kimbark Ave, Chicago, IL 60619
31-unit multifamily property in Chicago's South Shore neighborhood.
Type:Multifamily
Property size:
22,466 SFPrice / SF:
$103/SF- Added:
- Feb 9, 2026
- Days on Market:
- 102
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 7415 S Kimbark Ave
General Information
- Standard status
- Active
- Size
- 22,466 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1927
Listing agent Kyle Stengle License #IL 475.138461
Listing office Marcus & Millichap - Chicago Downtown
Listing date Feb 9, 2026
Source Crexi
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
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.
- Value‑add opportunity through operational efficiencies and strategic upgrades.
- Proximity to Lake Michigan, public transit, and major institutions.
- Ongoing reinvestment in the property through proactive maintenance.
Overview
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.
Location Intelligence
Current Use by Public Records
7415 S Kimbark
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.5927388
- Latitude
- 41.7599866
Nearby Similar for Sale
FAQs
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.
