7549 Kenwood Ave Chicago, IL 60619
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 7549 Kenwood Ave
- Property size
- 20,200 SF
- Property type
- Apartment buildings
Description
This exceptional 19-unit apartment building, located at 7549 S. Kenwood Avenue in Chicago's desirable Grand Crossing neighborhood, presents a compelling investment opportunity. The property boasts 20,200 square feet and offers a mix of eleven one-bedroom/one-bathroom and eight two-bedroom/one-bathroom units. All units feature hardwood floors and have been tastefully renovated with updated kitchens and bathrooms, ensuring high tenant appeal. The building's strong cash flow is evidenced by a 9% cap rate. Significant recent capital improvements include a new Smith central boiler system (2016), updated hot water heater and storage tank, newer windows and lintels, and a code-compliant exterior porch system with masonry and tuckpointing. The building's location is highly convenient, situated on a quiet, tree-lined corner near the 75th St Grand Crossing train station and a Jewel Osco grocery store. Its proximity to the Chicago Skyway provides easy access to downtown Chicago. The property's current rent levels offer substantial upside potential for increased returns, making this a truly attractive investment. The building's strong structural integrity and desirable unit mix, combined with its prime location and recent upgrades, position it for continued success and significant long-term value appreciation. This is a rare opportunity to acquire a stabilized, cash-flowing asset with considerable potential for growth.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.5917
- Latitude
- 41.7572
