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7550 S Kingston Ave
Chicago, IL 60649
Multifamily Property For Sale
·
17 Units
Investment Highlights
- This Beautiful 17 unit features (3) 3bed 2bath Units (9) 2bed 2bath Units (3) 2bed 1bath Units (1) 1bed 1bath (1) Studio with 1bath apartment.
- Property needs full gut renovation with plans and permits to be city compliant.
- The first 12 units are abnormally large with living room, dining room, plenty of closet space and a separate kitchen.
- If you put in individual furnaces & individual hot water tanks, conservatively, you would have a back end value of $2.3 million with a cap rate of 9%.
Property Facts
| No. Units | 17 | Construction Status | Under Renovation |
| Property Type | Multifamily | Building Size | 17,600 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1927/2026 |
| Building Class | B | Parking Ratio | 0.45/1,000 SF |
| Lot Size | 0.27 AC | ||
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.27 AC |
| Construction Status | Under Renovation |
| Building Size | 17,600 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1927/2026 |
| Parking Ratio | 0.45/1,000 SF |
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit |
Amenities
Unit Amenities
- Basement
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+2 | 9 | - | - |
| 3+2 | 3 | - | - |
| Studios | 1 | - | - |
Property Taxes
| Parcel Number | 21-30-302-016-0000 | Improvements Assessment | $133,820 |
| Land Assessment | $14,580 | Total Assessment | $148,400 |
Property Taxes
Parcel Number
21-30-302-016-0000
Land Assessment
$14,580
Improvements Assessment
$133,820
Total Assessment
$148,400
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