South Shore Multifamily
7831 South Kingston Avenue, Chicago, IL 60649
- Added:
- Nov 19, 2025
- Days on Market:
- 186
- Last Refresh:
- Apr 3 at 4:59 am
Property Features for 7831 South Kingston Avenue
General Information
- Standard status
- Active
- Property subtype
- MF
Listing agent Anthony Hardy License #475139834 (630) 570-2223
Listing office Keller Williams ONEChicago (630) 570-2223
Listing date Nov 19, 2025
Source Realnex
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 Keller Williams ONEChicago
HighLights
- Proximity to the future Obama Presidential Center, expected to be a major economic catalyst.
- Stable in‑place income and low turnover due to professional management and consistent occupancy.
- Strong value‑add potential at a purchase price of $1,365,000.
- Consists of 12 units: (4) 3‑bedroom/1‑bathroom and (8) 2‑bedroom/1‑bathroom.
- Located in Chicago's South Shore, an active corridor for reinvestment and redevelopment.
- Convenient access to Lake Michigan, parks, cultural center, and public transportation (Metra and CTA).
Overview
This is a 12-unit multifamily portfolio featuring two adjacent 6-unit brick walk-up buildings. The buildings are located on tree-lined residential blocks in Chicago’s South Shore neighborhood, minutes from Lake Michigan. The portfolio consists of 12 units, including 4 three-bedroom, one-bathroom units averaging $1,463 per month and 8 two-bedroom, one-bathroom units averaging $1,278 per month. The buildings are well maintained and feature a classic Chicago brick exterior, individual unit utilities, and spacious floorplans with hardwood floors, formal dining rooms, and abundant natural light. The properties have a current average rent of $1.82 per square foot, generating a net operating income of $94,318 and a gross rent multiplier of 7.08. The properties are professionally managed and have benefited from consistent occupancy. The Kingston Avenue Portfolio is positioned within one of the city’s most active corridors for reinvestment and redevelopment. The neighborhood offers convenient access to Lake Michigan, Rainbow Beach Park, the South Shore Cultural Center, and the Jackson Park Highlands Historic District. The properties are less than 10 minutes from the future Obama Presidential Center, which is expected to serve as a major economic catalyst for the South Side, creating thousands of jobs and attracting new residents and retail investment to the surrounding area. Nearby public transportation options include the Metra Electric Line and multiple CTA bus routes, providing direct access to Downtown Chicago. This location benefits from proximity to major institutions such as the University of Chicago, Jackson Park Hospital, and South Shore Hospital, further supporting tenant demand and long-term rental stability.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.5622834
- Latitude
- 41.7526356
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 12-unit multifamily portfolio in Chicago's South Shore neighborhood.
Where is this apartment building located?
The property is located at 7831 South Kingston Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,365,000.
What are key features of this property?
This property features: Proximity to the future Obama Presidential Center, expected to be a major economic catalyst.; Stable in‑place income and low turnover due to professional management and consistent occupancy.; Strong value‑add potential at a purchase price of $1,365,000.
