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South Shore Multifamily Investment Opportunity

7839 S Kingston Avenue, Chicago, IL 60649

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Value-add 12-unit property near Lake Michigan and public transit.

Type:Multifamily

HighLights

Value‑add investment opportunity to increase cash flow.
Twelve‑unit multifamily property: (9) 2‑bedroom and (3) 3‑bedroom units.
Over half the units remodeled for higher rents.
Option to convert remaining 2‑bedroom units into 3‑bedroom units.
Convenient location near public transportation, Lake Michigan, grocery stores, and shops.
Two 6‑unit brick buildings with front and back entrances and rear parking.

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Tony Magnone

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For Sale

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Value-add 12-unit property near Lake Michigan and public transit.

Type:Multifamily

Added:: May 21, 2026
Days on Market:: 21
Last Refresh:: May 27 at 8:20 am

Property Features for 7839 S Kingston Avenue

General Information

Standard status: Active
Property subtype: Multifamily

Building Details

Year Built: 1929

We can help!

Listing Contact

Tony Magnone

Listing agent Tony Magnone License #temp1006203

Listing office Anthony Real Estate

Listing date May 21, 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 Anthony Real Estate

HighLights

Value‑add investment opportunity to increase cash flow.
Twelve‑unit multifamily property: (9) 2‑bedroom and (3) 3‑bedroom units.
Over half the units remodeled for higher rents.
Option to convert remaining 2‑bedroom units into 3‑bedroom units.
Convenient location near public transportation, Lake Michigan, grocery stores, and shops.
Two 6‑unit brick buildings with front and back entrances and rear parking.

Overview

This 12-unit multifamily property is located in the South Shore neighborhood. The property consists of two 6-unit brick buildings, each featuring center entrances at the front and back, as well as rear parking. The unit mix includes nine 2-bedroom, 1-bath units and three 3-bedroom, 1-bath units. Each unit features a large, bright living room, two or three full bedrooms, a dining or family room, and a separate kitchen with a pantry that leads to an enclosed back porch. Over half of the apartments have been completely remodeled to achieve higher market rents. A new owner has the opportunity to complete the rehabilitation of additional units and capitalize on market rent appreciation, or easily convert all remaining 2-bedroom units into 3-bedroom units. The property is conveniently located near public transportation, including the Metra, and is a short distance from Lake Michigan, grocery stores, and shops. This multifamily property offers immediate value-add potential upon acquisition.

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Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.5622644
Latitude: 41.7524324

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For sale
Apartment buildings
IL
Chicago
60649
7839 S Kingston Avenue

What type of property is this?

Apartment building - Value-add 12-unit property near Lake Michigan and public transit.

Where is this apartment building located?

The property is located at 7839 S Kingston Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $1,099,000.

What are key features of this property?

This property features: Value‑add investment opportunity to increase cash flow.; Twelve‑unit multifamily property: **(9) 2‑bedroom and (3) 3‑bedroom units.**; Over half the units remodeled for higher rents.