7701 S Eggleston Avenue, Chicago, IL 60620

• 6,528 sqft

Property Description

Group Showings on Wednesday November 8th at 10am. 9-Unit All-Brick Cash Cow Located on a Quiet Block in Chicago's Hidden Gem - Winneconna Parkway! Cap Rate: 14.4% | Cash-on-Cash Return: 32.5% - Nearly Impossible to Find Anywhere! 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 Offers Both Strong Current Cash Flow and Major Upside Potential! Featuring Six (2 Bed / 1 Bath) Units and Three (1 Bed / 1 Bath) Units - Totaling 15 Bedrooms and 9 Bathrooms! Fully Rented w/ All Cash Tenants on Month-to-Month Leases! Below-Market Rents w/ the Ability to Increase $100-$300 Per Month Per Unit, Significantly Boosting NOI! Most Units Have Gorgeous Hardwood Floors and Separate Living & Dining Rooms! Boiler System Under 8 Years Old - Reducing Near-Term Maintenance Costs! All Units Include Stoves & Refrigerators. Large Building w/ 6528 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. New Metra Auburn Park Station, Located Near Winneconna Parkway and 79th Street, is Scheduled to Open in 2026! 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 Money Maker w/ Massive Upside Potential! Group Showings on Wednesday November 5th at 1pm.

Listing Status:

Active

Listing Office:

eXp Realty - Chicago North Ave : 847-849-7748

Listing Agent:

Ryan Widerberg : 847-849-7748

MLS ID:

12510466

Interior

• A/C: None
• Fireplace: Fireplaces: 0

Construction

• General: Concrete Perimeter

Location

• Road/Access: City Street
• Originating MLS: mred
• County: Cook

Lot

• Zoning: MULTI20283200010000
• Current Use: Multi-Family

Utilities

• Utilities: Circuit Breakers

Financial

• Source: mred

This listing courtesy of Ryan Widerberg, eXp Realty - Chicago North Ave