South Shore Multifamily Investment
For Sale
Contact for pricing
7839 S Kingston Avenue, Chicago, IL 60649
Value-add 12-unit property near Lake Michigan and public transit.
Days on Market75
Property Features for 7839 S Kingston Avenue
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Year Built
1929
Listing Agency:
Anthony Real Estate
Listed By:
Tony Magnone · License #temp1006203
Source:
Crexi
Added: May 21
Changed: Jul 10
Last Checked: Aug 2 at 4:55PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
Explore this area
Business Placement
Demographics for 60649, IL
48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
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 - 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.
