7839 S Kingston Avenue, Chicago, IL 60649

• 29,760 sqft

Property Description

Prime 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.

Listing Status:

Active

Listing Office:

Keller Williams ONEChicago : 773-851-5840

Listing Agent:

Tommy Choi : 773-851-5840

MLS ID:

12499606

Interior

• Basement: Unfinished
• A/C: Central Air
• Fireplace: Fireplaces: 0

Location

• Originating MLS: mred
• County: Cook

Lot

• Zoning: MULTI21303280080000
• Current Use: Multi-Family

Utilities

• Utilities: Circuit Breakers

Financial

• Source: mred

This listing courtesy of Tommy Choi, Keller Williams ONEChicago