Chicago, IL 60649 7716-18 S East End Avenue
$1,175,000



9 more









Presented By: Essex 312, LLC
Home Details
7716-18 S. East End Avenue is a 16-unit multifamily in Chicago's South Shore neighborhood. The offering consists of a well-maintained walk-up building comprised entirely of spacious one-bedroom units, providing an efficient and highly leasable unit mix. This investment presents a clear and executable value-add opportunity to significantly increase revenue through improved management and leasing, along with strategic unit renovations to capture market rents. Approximately one-third of the units have already received cosmetic upgrades, allowing a new owner to continue a proven renovation program and drive rental growth across the remaining units. In addition to strong in-place income, the property benefits from an on-site laundry facility, offering additional revenue potential and enhanced tenant appeal. With below-market rents, a straightforward operational upside, and a desirable location near the lakefront, this asset offers investors the opportunity to quickly unlock value and generate meaningful returns in one of Chicago's most established and accessible neighborhoods.
Presented By: Essex 312, LLC
General for 7716-18 S East End Avenue
Additional Parcels Y/NNo
CityChicago
CountyCook
DirectionsStony Island Avenue to 79th Street, east to East End Avenue, then north to the property.
Electric Expense2056
Fuel Expense18818
Gross Income214164
Insurance Expense8790
Lot Size Square Feet6599
MLS AreaCHI - South Shore
MaintenanceExpense8000
Net Operating Income95987
Number Of Units Total16
Operating Expense96760
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusNew
Stories Count4
Tax Annual Amount16385
Tax Year2024
Trash Expense7186
Water Sewer Expense13599
Year Built1929
Exterior for 7716-18 S East End Avenue
Lot Dimensions6, 599 SF
Additional Details
Price History
