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Mario Bilotas

mario@fourdaughtersrealestate.com +1(847) 910-5022

$ 1,050,000

Est. payment -/mo

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Price Dropped by $49K

7839 S Kingston AVE Chicago, IL 60649

29,760 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 29,760 sqft

Price per Sqft $35

MLS Listing ID 12655074

Maintenance Fees $6,000

Year Built 1929

Annual Tax Amount $20,637

Tax Year 2024

Lot Size 7,405 Sqft

Lot Dimensions 29760

Property Sub-Type Multi Family 5+

Property 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.

Location

State IL

County Cook

Area Chi - South Shore

Zoning MULTI

Rooms

Basement Unfinished

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick

Listed by Tommy Choi of Keller Williams ONEChicago

Nearby School & Business

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MY BLOGS

Vacant Land Scams are REAL

About 6 months ago, I received an email from (let’s call him) Charlie. A “nothing out of the ordinary” email from a common (and mildly validating) charlie…..@hotmail stating: “I have owned the lot for many years, but a couple of years ago I moved from Illinois to California, and I would like to sell

THE FRONT PORCH SWING

Oh, the memories. I remember my girls spending countless hours swinging front to back and side to side, hanging out with the neighborhood kids, splashing with the water hose, or crafting top-secret plans with their imaginations. It was awesome. How times have changed. With my two youngest girls slow

less is more, unless, it’s for less.

I hated looking for matching socks. Every day, my job required me to remove shoes at nearly every doorstep, and matching my socks was a daily frustration. Each day, I’d get my MLS home showing sheets ready, the electronic key card that opens lock-boxes, get dressed with minutes turning into seconds

Contact Us

Phone

+1(847) 910-5022

mario@fourdaughtersrealestate.com

Address

205 W. Miner Street, Arlington Heights, IL 60005, USA