Chicago, IL 60649 7613 S KINGSTON Avenue

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Presented By: Dream Town Real Estate
  • MLS# 12351493
  • 04/29/2025
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  • Beds • 2

Home Details

Discover this exceptional 13-unit property located in Chicago's vibrant South Shore neighborhood, near the future site of PsiQuantum's first US-based utility-scale Quantum Computer. Each of the thirteen units features two spacious bedrooms, a separate living area, a dedicated kitchen, and beautiful hardwood flooring throughout. All units are currently rented, providing immediate income, with current rents under $1,000 per unit while the HUD Rate for a 2-bedroom unit is $1,500, presenting a great opportunity for better returns. The property also includes an unused laundry room, which can be updated to provide on-site laundry facilities, creating additional income possibilities. Ideally situated within walking distance to Windsor Park Metra Station and CTA buses, this property enhances tenant convenience and appeal. Nearby attractions include Rainbow Beach, the South Shore Cultural Center, the new The Obama Presidential Center, and the picturesque Lakefront. Each unit has been thoughtfully updated to ensure modern comforts while retaining classic charm. Don't miss 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!
Presented By: Dream Town Real Estate

General for 7613 S KINGSTON Avenue

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick, Concrete
CountyCook
DirectionsYATES TO 76TH EAST TO KINGSTON SOUTH TO ADDRESS
Electric Expense
Fuel Expense17400
Gross Income145800
Insurance Expense8700
MLS AreaCHI - South Shore
MaintenanceExpense
Net Operating Income104444
Number Of Units Total13
Operating Expense41356
PossessionOther
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories3
Tax Annual Amount11656
Tax Year2022
Tenant PaysElectricity, Other
TownshipHyde Park
Trash Expense0
Water Sewer Expense0
Year Built1922
ZoningMULTI

Exterior for 7613 S KINGSTON Avenue

Foundation DetailsConcrete Perimeter
Lot Dimensions60 X 125
Lot Size Acres0.17

Additional Details

Price History

Client Care

Price $1,025,000
MLS#12351493
List Date 04/29/2025
Property Type Multi-Family
Phone 847.485.2500
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