12-Unit Brick Apartment
New
For Sale
$950,000
7839 S Kingston Ave, Chicago, IL 60649
Two residential buildings combine rear parking, enclosed porches, and a mix of two- and three-bedroom apartments.
Property Size29,760 SF
Price / SF$31.92
Days on Market7
Property Features for 7839 S Kingston Ave
General Information
Standard status
Active
Size
29,760 SF
Property subtype
Commercial
Financials
Cap Rate
10.5%
Gross Rent Multiplier
4.95
Units
Unit Mix
9 x 2BR/1BA, 3 x 3BR/1BA
Multifamily Units
12
Additional Details
Public Transit
Yes
Building Details
Year Built
1929
Buildings
2
Construction
brick
Listing Agency:
Keller Williams ONEChicago
Listed By:
Tommy Choi · License #471004140
(773) 851-5840
Source:
Illianahomesource
Added: Sep 21
Changed: Sep 27
Last Checked: Sep 26 at 2:24PM
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
Investment Insights
Based on property information with market context.
Built in 1929, this 12-unit property consists of two brick buildings with six apartments apiece. The unit mix includes nine two-bedroom, one-bathroom apartments and three three-bedroom, one-bathroom apartments. Each apartment has a living room, dining or family room, separate kitchen with pantry, and enclosed rear porch. More than half of the units have been remodeled. Rear parking serves the buildings, which have central entrances at both the front and back.
The property is in Chicago’s South Shore area, a short distance from Metra service, Lake Michigan, grocery stores, and shops. Financial metrics include a 4.95 GRM and a 10.5 cap rate.
The property is in Chicago’s South Shore area, a short distance from Metra service, Lake Michigan, grocery stores, and shops. Financial metrics include a 4.95 GRM and a 10.5 cap rate.
Key Highlights
- 12 apartments: nine two‑bedroom, one‑bathroom units and three three‑bedroom, one‑bathroom units
- Two brick buildings, each containing six apartments
- More than half of the apartments have been remodeled
Property Analytics
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Current Use
Lease Details
12
Residential units
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two residential buildings combine rear parking, enclosed porches, and a mix of two- and three-bedroom apartments.
Where is this apartment building located?
The property is located at 7839 S Kingston Ave Chicago, IL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 12 apartments: nine two‑bedroom, one‑bathroom units and three three‑bedroom, one‑bathroom units; Two brick buildings, each containing six apartments; More than half of the apartments have been remodeled
