7716-7718 S East End Ave - Apartments FOR SALE


Chicago, IL 60649- South Shore
$1,175,000 USD
815-341-0049
7716-7718 S East End Ave, Chicago, IL for Sale
$1,175,000 USD
Apartments - FOR SALE
1/12
null | 8.17% Cap Rate

7716-7718 S East End Ave
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • Efficient Unit Mix - Spacious 1-bedroom units.
  • Value-Add Opportunity - Clear path to increase revenue through improved management, leasing, and unit renovations.
  • Below-Market Rents - Significant upside potential by bringing rents to market levels.
  • Laundry Facilities On-Site.
  • Near the Lakefront - Desirable location with solid long-term renter demand.

OVERVIEW

Essex Realty Group, LLC has been exclusively engaged to market for sale a 16-unit multifamily property located at 7716–18 S. East End Avenue in Chicago’s South Shore neighborhood. The offering consists of a well-maintained walk-up building comprised entirely of spacious one-bedroom units, providing an efficient and highly leasable unit mix. This investment presents a clear and executable value-add opportunity to significantly increase revenue through improved management and leasing, along with strategic unit renovations to capture market rents. Approximately one-third of the units have already received cosmetic upgrades, allowing a new owner to continue a proven renovation program and drive rental growth across the remaining units. In addition to strong in-place income, the property benefits from an on-site laundry facility, offering additional revenue potential and enhanced tenant appeal. With below-market rents, a straightforward operational upside, and a desirable location near the lakefront, this asset offers investors the opportunity to quickly unlock value and generate meaningful returns in one of Chicago’s most established and accessible neighborhoods.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$113 USD /SF

# OF UNITS

16

PRICE/UNIT

$73,438

CAP RATE

8.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R-4,

APN/PARCEL ID

20-25-317-024-0000

ASK ABOUT THIS PROPERTY

Joe KahlhammerEssex Realty Group, LLCMore Info
815-341-0049

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Joe KahlhammerEssex Realty Group, LLCMore Info
815-341-0049

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