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7719 S Kingston Ave 7 Unit Apartment Building $500,000 ($71,429/Unit) Chicago, IL 60649
Investment Highlights
- 7-unit residential multifamily building
- Located in Chicago’s South Shore neighborhood
- Potential for operational and management efficiencies
- All units are one-bedroom / one-bath layouts
- Opportunity to improve future cash flow through rent growth
- Supply-constrained submarket with limited comparable inventory
Executive Summary
7719 S. Kingston Avenue is a well-maintained brick multifamily building in Chicago’s South Shore neighborhood, offering a long-term investment opportunity. The property supports meaningful future cash flow potential through improved operations and continued rent growth, while maintaining a straightforward, manageable footprint across seven one-bedroom, one-bath units.
With steady tenant demand and a supply-constrained multifamily market where similar assets rarely become available, the building is well-positioned for continued income upside and long-term value appreciation. Overall, 7719 S. Kingston presents a durable South Side hold with strong future investment potential.
With steady tenant demand and a supply-constrained multifamily market where similar assets rarely become available, the building is well-positioned for continued income upside and long-term value appreciation. Overall, 7719 S. Kingston presents a durable South Side hold with strong future investment potential.
Property Facts
| Price | $500,000 | Building Class | C |
| Price Per Unit | $71,429 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 10,800 SF |
| No. Units | 7 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | RT-4 | ||
| Price | $500,000 |
| Price Per Unit | $71,429 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 10,800 SF |
| No. Stories | 4 |
| Year Built | 1923 |
| Opportunity Zone |
Yes |
| Zoning | RT-4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
1 1
Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | 21-30-321-006-0000 | Improvements Assessment | $47,620 |
| Land Assessment | $5,580 | Total Assessment | $53,200 |
Property Taxes
Parcel Number
21-30-321-006-0000
Land Assessment
$5,580
Improvements Assessment
$47,620
Total Assessment
$53,200
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7719 S Kingston Ave
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