7701 S Eggelston St - Apartments FOR SALE


Chicago, IL 60620- Gresham | 
$375,000 USD
847-849-7748
7701 S Eggelston St, Chicago, IL for Sale
$375,000 USD
Apartments - FOR SALE
1/33
null | 14.4% Cap Rate

7701 S Eggelston St
Chicago, IL 60620
Gresham


HIGHLIGHTS

  • 9 Unit Building
  • 6,528 Sq Ft
  • 2 of 9 Units Rented

OVERVIEW

Open Houses on October 3rd from 10am-1pm & October 4th from 1pm-4pm. 7 of 9 Units Now Vacant - All-Brick 9-Unit on a Quiet Block in Chicago's Hidden Gem - Winneconna Parkway! Check Out This Incredible Investment Opportunity Located in One of Chicago's Most Unique & Desirable Residential Enclaves! Situated in Historic Winneconna Parkway, This All-Brick 9-Unit Building is a True Blank Canvas for the Savvy Investor! With Only 2 Units Occupied, the Next Owner Can Skip Inherited Tenants & Start Fresh w/ Their Own Screening Criteria, Lease Terms & Rent Levels. Light Updates to the Vacant Units Can Position the Building for Strong Rental Income & a Higher Valuation Upon Stabilization - Ideal for Buyers Seeking Forced Appreciation! Featuring Six (2 Bed / 1 Bath) Units and Three (1 Bed / 1 Bath) Units - Totaling 15 Bedrooms and 9 Bathrooms! Most Units Have Gorgeous Hardwood Floors and Separate Living & Dining Rooms! Boiler System Under 9 Years Old - Reducing Near-Term Maintenance Costs! All Units Include Stoves & Refrigerators. Large Building w/ 6,528 Sq Ft & Multiple Basements. Beyond the Numbers, This Building is Located in the Winneconna Parkway / Auburn Park Area, a True Hidden Treasure in One of the Nicest Residential Blocks in All of Chicago. Developed in the Late 1800s on Land Once Owned by Chicago's First Mayor, William B. Ogden, the Area is Known for its Serene Lagoons, Charming Bridges & Historic Architecture! This is More Than Just an Apartment Building - It's an Opportunity to Own Property in a Historically Rich & Highly Promising Area of Chicago. The New Metra Auburn Park Station is Coming to Winneconna Parkway & 79th Street! The 79th Street Corridor Plan is Set to Completely Revitalize and Transform the Area w/ a Vibrant Mix of New Uses! Don't Miss Out on This Rare 9-Unit w/ Massive Upside Potential! Open Houses on October 3rd from 10am-1pm & October 4th from 1pm-4pm.

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$57 USD /SF

# OF UNITS

9

PRICE/UNIT

$41,667

CAP RATE

14.4%

% LEASED

22%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7701 S Eggleston Ave, Chicago, IL 60620

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

RT-4

APN/PARCEL ID

20-28-320-001-0000

ASK ABOUT THIS PROPERTY

Ryan WiderbergeXp RealtyMore Info
847-849-7748

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Ryan WiderbergeXp RealtyMore Info
847-849-7748

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.