7613 S KINGSTON Avenue, Chicago, IL 60649

  • $1,100,000
  • $1,100,000
7613 S KINGSTON Avenue, Chicago, IL 60649
For Sale
7613 S KINGSTON Avenue, Chicago, IL 60649
  • $1,100,000
  • $1,100,000

Overview

Property ID: 22277153
  • Commercial Sale
  • Property Type
  • 1922
  • Year Built

Description

Discover this stunning 13-unit multi-family property nestled in the vibrant South Shore neighborhood of Chicago. Near the future site of PsiQuantum’s First US-Based Utility-Scale Quantum Computer in Chicago. Each of the thirteen units boasts two spacious bedrooms, a separate living room, a dedicated kitchen, and beautiful hardwood flooring throughout. With all units currently rented, this property offers immediate income for the savvy investor, or a wonderful value-add opportunity. Convenience is key! The property is within walking distance to the Windsor Park Metra Station and CTA buses, making public transportation a breeze. Enjoy the best of South Shore’s recreational offerings with Rainbow Beach, the South Shore Cultural Center, and the picturesque Lakefront just a short stroll away. This property is not only a beautiful place to live but also a lucrative investment. With an effective gross income of $138,510.00 and a Net Operating Income of $97,153.99, it promises attractive investor returns and a great addition to a portfolio. The current owner has thoughtfully updated the units and installed individual furnaces across all units, allowing tenants to manage their own heating costs, further enhancing the property’s appeal. Each unit has been meticulously updated to ensure modern comforts while retaining classic charm. The property is move-in ready, offering a seamless transition for new owners and tenants alike. Seize this fantastic opportunity to own a piece of South Shore’s thriving real estate market. Schedule your visit today and envision the endless potential this property holds for your investment portfolio. For more information or to arrange a viewing, contact us now!

  • Address 7613 S KINGSTON Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60649
  • Country United States

Details

Updated on August 23, 2024 at 8:28 pm
  • Property ID: 22277153
  • Price: $1,100,000
  • Land Area: 0.17 Acres
  • Year Built: 1922
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • MLS#: MRD12078315
  • Office Name: DREAM TOWN REAL ESTATE
  • Agent Name: Gonzalo Del Rio
  • MLS Status: Active

Additional details

  • List Office MLSID: MRD14090
  • List Agent MLSID: MRD896444
  • List Date: 2024-06-12T16:00:49.000Z
  • Tax Annual: 11656
  • Tax Year: 2022
  • County: Cook

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