Listing provided courtesy of Keller Williams ONEChicagoMREDas Distributed by MLSGrid- MLS# 12655074
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Request Info7839 S Kingston AvenueChicago, IL 60649
Commercial · 5 Beds · 29,760 Sq. ft. | 0.17 Acres$1,099,000
Active
7839 S Kingston Avenue Overview
- Time on Site:
- 39 days
- Visits:
- 0
Prime Value-Add investment opportunity in nice South Shore neighborhood. 12-unit m/u property, comprised of (9) 2 Bedroom/1Bath Units, and (3) 3 Bedroom/1 Bath units. Two 6-unit brick buildings, 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.
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7839 S Kingston Avenue Facts & Features
- Type Commercial
- Sq. ft. 29,760
- Price/Sq.ft. $37
- Lot 0.17 Acres
Details
General
Income/Expenses
- Other Expense: 0
- Electric Expense: 12000
- Fuel Expense: 0
- Gross Income: 192240
- Gross Scheduled Income: 100152
- Insurance Expense: 20000
- Maintenance Expense: 6000
- Net Operating Income: 100152
- Operating Expense: 30084
- Trash Expense: 3600
- Water Sewer Expense: 12000
Building Information
- Year Built: 1929
Business Information
- Current Use: Multi-Family
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - South Shore
Rent/Lease Information
- Tenant Pays: Air Conditioning, Electricity, Heat
Tax Information
- Tax Annual Amount: $20,637.02
- Tax Year: 2024
General Information
- Parcel Number: 21303280080000
- Possible Use: Condominium
- Property Type: Commercial Sale
- Zoning: MULTI
Interior
Building Interior
- Building Area Total: 29760
General Information
- Basement: Unfinished
- Cooling: Central Air
- Electric: Circuit Breakers
- Fireplaces Total: 0
- Stories: 3
Exterior
Lot Information
- Additional Parcels: Yes
- Lot Size Acres: 0.17
- Lot Size Dimensions: 29760
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Number Of Units Total: 12
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Beds Total: 2
- Baths Total: 1
- Units Total: 9
Unit 2 Details
- Unit Type: Unit 2
- Beds Total: 3
- Baths Total: 1
- Units Total: 3
Unit 3 Details
- Unit Type: Unit 3
- Beds Total: 0
- Baths Total: 1
- Units Total: 0
Unit 4 Details
- Unit Type: Unit 4
- Beds Total: 0
- Baths Total: 1
- Units Total: 0
Unit 5 Details
- Unit Type: Unit 5
- Beds Total: 0
- Baths Total: 1
- Units Total: 0
Unit 6 Details
- Unit Type: Unit 6
- Beds Total: 0
- Baths Total: 1
- Units Total: 0
Unit 7 Details
- Unit Type: Unit 7
- Beds Total: 0
- Baths Total: 1
- Units Total: 0
7839 S Kingston Avenue Neighborhood
Community
60649 (Chicago) Demographics
38
Median Age
11,999
Population Density (per sq. mile)
35%
College Educated
$36,130
Estimated Median Income
5,387
Estimated Total Home Owners
16,947
Estimated Total Renters
24% / 76%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.7839 S Kingston Avenue Monthly Cost
7839 S Kingston Avenue Market Data
Based on the last 30 days in this zip code
$194,506
Average List Price
$134
Average Price per Square Foot
12
Properties Sold
66
Average Days on Market
134
Properties for Sale
7839 S Kingston Avenue History
| Date | Value | Agent |
|---|---|---|
| 5/26/2026Source: MRED | Active |
|
| 5/21/2026Source: MRED | May 21, 2026 |
|
| 6/20/2022Source: MRED | January 27, 2022 |