7304 S Union Avenue, Chicago, IL 60621

• 7,902 sqft

Property Description

ATTENTION INVESTORS! Introducing 7304 S Union Avenue - a rare opportunity to acquire a solid 6-unit, brick property on Chicago's South Side with immediate upside and strong projected returns. This 7,900 sq. ft. building sits on a 5,000 sq. ft. lot and features classic architecture, secure gated entry, and a welcoming foyer that reflect long-term care and thoughtful updates. Three of the six units are currently occupied by long-term (month-to-month) tenants paying rents substantially below market, creating substantial upside through future rent increases. The remaining three units have been fully renovated and are move-in ready, allowing immediate leasing at market rates and strong near-term income growth. Whether you're an experienced investor seeking reliable cash flow with clear value-add potential or a new entrant looking for a manageable, high-performing asset, this property checks every box. With its durable construction, stabilized occupancy, and opportunity for income optimization, it comes with excellent cash-on-cash returns and long-term appreciation potential. Competitively priced, this is a rare chance to secure a turnkey, income-producing property with built-in upside.

Listing Status:

Active

Listing Office:

Compass : 847-828-3534

Listing Agent:

Christopher Sweitzer : 847-828-3534

MLS ID:

12500883

Interior

• Basement: Unfinished
• A/C: Window Unit(s)

Location

• Originating MLS: mred
• County: Cook

Lot

• Zoning: 20281140170000

Utilities

• Utilities: Circuit Breakers

Financial

• Source: mred

This listing courtesy of Christopher Sweitzer, Compass