Chicago, IL 60649 7833 S Kingston Avenue
$699,000



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Presented By: Keller Williams ONEChicago
Home Details
Prime Value-Add investment opportunity in nice South Shore neighborhood. 6-unit m/u property, comprised of (4) 2 Bedroom/1Bath Units and (2) 3 Bedroom/1 Bath units. (Being offered as discounted package with adjacent 6-unit identical building. MLS#12499606) 6-unit brick building, 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.
Presented By: Keller Williams ONEChicago
Interior Features for 7833 S Kingston Avenue
Other Interior Features
BasementUnfinished
General for 7833 S Kingston Avenue
Additional Parcels Y/NNo
Cap Rate8
CityChicago
Construction MaterialsBrick
CoolingCentral Air
CountyCook
Current UseMulti-Family
DirectionsFrom 79th head west to Kingston and make a right
ElectricCircuit Breakers
Electric Expense350
Fuel Expense500
Gross Income97320
Insurance Expense2275
MLS AreaCHI - South Shore
MaintenanceExpense
ModificationTimestamp2025-10-29T05:06:03.053Z
Net Operating Income54598
Number Of Units Total6
Operating Expense39848
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount5081
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat
TownshipHyde Park
Trash Expense239
Virtual TourClick here
Water Sewer Expense642
Year Built1924
ZoningMULTI
Exterior for 7833 S Kingston Avenue
Building Area Total14880
Foundation DetailsBrick/Mortar, Concrete Perimeter
Frontage TypeCity Street
Lot Dimensions14880
Lot Size Acres0.17
Additional Details
Price History

SQFT • 14,880