7833 S Kingston Ave - Apartments FOR SALE


Chicago, IL 60649- South Shore
$699,000 USD
7833 S Kingston Ave, Chicago, IL for Sale
$699,000 USD
Apartments - FOR SALE
1/39
null | Request Cap Rate

7833 S Kingston Ave
Chicago, IL 60649
South Shore


OVERVIEW

Prime Value-Add investment opportunity in nice South Shore neighborhood. 6-unit m/u property, comprised of (4) 2 Bedroom/1Bath Units and (2) 3 Bedroom/1 Bath units. (Being offered as discounted package with adjacent 6-unit identical building. MLS#12499606) 6-unit brick building, with center entrances front and back, with rear parking. Each unit with large bright living room, 2 or 3 full bedrooms, dining/family room, and separate kitchen with pantry and leading to back enclosed porch. Over half of the apartments have been completely remodeled to leverage higher market rents. New owner can complete rehab of additional units and leverage appreciation of market rents, or easily convert all remaining 2 bedrooms into 3 bedrooms. The opportunity is here to step into cash flow on day one and to also improve overall performance through leasing and management. Conveniently located a short distance from public transportation, including Metra, beautiful Lake Michigan, and surrounded by numerous grocery stores and shops. This multifamily opportunity offers immediate value-add potential from the moment of acquisition.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$47 USD /SF

# OF UNITS

6

PRICE/UNIT

$116,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kingston Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,440 SF

ZONING

R

APN/PARCEL ID

21-30-328-007-0000

ASK ABOUT THIS PROPERTY

Tony HardyMidwest Investment AdvisorsMore Info

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Tony HardyMidwest Investment AdvisorsMore Info

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