7839 S Kingston Avenue
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.
- McDonald's 1000 ft
- Subway 0.2 mi
- Rainbow Beach Sub Shop 0.4 mi
- Imani's Original 0.4 mi
- L&G Restaurant 0.4 mi
- Taste Jamaica 0.5 mi
- Citgo 0.2 mi
- Citgo 0.3 mi
- Citgo 0.5 mi
- Save-A-Lot 0.7 mi
- El Barakah Supermarket 0.7 mi
- Citgo 0.8 mi
- Eckersall Park 0.5 mi
- Rainbow Beach Park 0.7 mi
- Dinah Washington Park 0.9 mi
- Rosenblum Park 0.9 mi
- Russell Square Park 1.0 mi
- South Shore Cultural Center 1.2 mi
- Urban Luxe Café 0.5 mi
- Chef Sara's Cafe 0.8 mi
- Heritage Cafe 0.9 mi
- South Shore Brew 0.9 mi
- Dulce's Café 1.3 mi
- Starbucks 1.5 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12655074