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BEDS0
BATHS
SQUARE FEET29,760
MLS#12547159
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property DescriptionPrime Value-Add investment opportunity in nice South Shore neighborhood. 12-unit m/u property, comprised of (8) 2 Bedroom/1Bath Units, and (4) 3 Bedroom/1 Bath units. Two 6-unit brick buildings, 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. Property FeaturesProperty Type: Multi Unit - Multiple Cooling: Central Air Lot Size: 0.17 Acres Stories: 3.0 Taxes: $10,162 Year Built: 1929 Feature DescriptionsCurrent Use: Multi-Family
Electric: Circuit Breakers
Exterior: Brick
HVAC: Forced Air, Gas
Lot Dimensions: 29760
Parcel#: 21303280080000
Parking: 6-12 Spaces
Potential Use: Condominium
Tenant Pays: Air Conditioning, Electricity, Heat
Units: 12
Listed By / Shown ByListed By
Agency Name: Keller Williams ONEChicago Shown By
Agent Name: Teresa Shreve 
Estimate Your PaymentEstimated Payment $ 7,126.17 per month $5,900.46 Principal & Interest $846.83 Property Tax $378.88 Homeowner's InsuranceChange Payment Information |
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7839 S Kingston Avenue | MLS# 12547159
This multi-family property located at 7839 S Kingston Avenue, Chicago, IL 60649 is currently listed for sale with an asking price of $1,299,000. Search Chicago real estate on tshreve.gogambino.com today.