7839 S Kingston Avenue, Chicago, IL 60649
Description
Prime Value-Add investment opportunity in nice South Shore neighborhood. 12-unit m/u property, comprised of (9) 2 Bedroom/1Bath Units, and (3) 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 Courtesy of: Keller Williams ONEChicago
Details
Updated on June 28, 2026 at 5:18 pm-
Property ID MRD12655074
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Price $1,099,000
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Land Area 0.17 Acres
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Year Built 1929
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Property Type Multi Family
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Property Status Active
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Parcel Number 21303280080000
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MLS Status Active
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Co List Agent MLS ID MRD1006203
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Days On Market 38
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Living Area 0.17
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Cumulative Days On Market 240
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Tax Annual Amount 20637.02
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Cooling Central Air
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Directions 75th to Kingston - South to Property.
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BuildingAreaTotal 29760
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StoriesTotal 3
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Zoning MULTI
Address
Open on Google Maps- Address 7839 S Kingston Avenue
- City Chicago
- State/county IL
- Zip/Postal Code 60649
- Country United States
Overview
- Multi Family
- 1929
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