Chicago, IL 60621 7304 S Union Avenue

7304 S Union Avenue Chicago, IL - Image 17304 S Union Avenue Chicago, IL - Image 27304 S Union Avenue Chicago, IL - Image 3
18 more
7304 S Union Avenue Chicago, IL - Image 47304 S Union Avenue Chicago, IL - Image 57304 S Union Avenue Chicago, IL - Image 67304 S Union Avenue Chicago, IL - Image 77304 S Union Avenue Chicago, IL - Image 87304 S Union Avenue Chicago, IL - Image 97304 S Union Avenue Chicago, IL - Image 107304 S Union Avenue Chicago, IL - Image 117304 S Union Avenue Chicago, IL - Image 127304 S Union Avenue Chicago, IL - Image 137304 S Union Avenue Chicago, IL - Image 147304 S Union Avenue Chicago, IL - Image 157304 S Union Avenue Chicago, IL - Image 167304 S Union Avenue Chicago, IL - Image 177304 S Union Avenue Chicago, IL - Image 187304 S Union Avenue Chicago, IL - Image 197304 S Union Avenue Chicago, IL - Image 207304 S Union Avenue Chicago, IL - Image 217304 S Union Avenue Chicago, IL - Image 22
Presented By: Compass
  • MLS# 12500883
  • 10/21/2025
  • Request Tour
  • Request Info
  • Beds • 3
  • SQFT • 7,902

Home Details

Discover an exceptional investment opportunity in Chicago's South Side - a meticulously maintained 6-unit brick property at 7304 S Union. This updated, character-filled building showcases timeless curb appeal, secure gated entry, and a welcoming foyer. Three of the six units are currently occupied by long-term (month-to-month) tenants paying rents substantially below market, creating substantial upside through future rent adjustments. The remaining three units have been fully renovated and are move-in ready, allowing immediate leasing at market rates and strong near-term income growth. Whether you're an experienced investor seeking reliable cash flow with clear value-add potential or a new entrant looking for a manageable, high-performing asset, this property checks every box. With its durable construction, stabilized occupancy, and opportunity for income optimization, it comes with excellent cash-on-cash returns and long-term appreciation potential. Competitively priced, this is a rare chance to secure a turnkey, income-producing property with built-in upside.
Presented By: Compass

Interior Features for 7304 S Union Avenue

Other Interior Features

BasementUnfinished

General for 7304 S Union Avenue

Additional Parcels Y/NNo
Cap Rate14.9
CityChicago
Construction MaterialsBrick
CoolingWindow Unit(s)
CountyCook
Directions71st Street to S. Union Ave. South to address
ElectricCircuit Breakers
Electric Expense455
Fuel Expense7320
Gross Income88200
Insurance Expense3812
Lot Size Square Feet5000
MLS AreaCHI - Englewood
MaintenanceExpense
ModificationTimestamp2025-10-22T15:50:01.826Z
Net Operating Income68315
Number Of Units Total6
Operating Expense19885
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusNew
Stories Count3
Tax Annual Amount3164.89
Tax Year2023
Tenant PaysElectricity
Trash Expense1500
Water Sewer Expense4045
Year Built1916

Exterior for 7304 S Union Avenue

Building Area Total7902
Lot Dimensions40x125
Lot Size Acres0.12

Additional Details

Price History

Client Care

Price $460,000
MLS#12500883
List Date 10/21/2025
Property Type Multi-Family
Phone 847.485.2500
Request Tour
Request Info
Visit My Website

Similar Properties to 7304 S Union Avenue