7420 S Kingston AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60649
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12156035
Style Brownstone
Bedrooms 5
Maintenance Fees $800
Year Built 1923
Annual Tax Amount $2,473
Tax Year 2023
Lot Size 3,484 Sqft
Lot Dimensions 25X125
Property Description
Welcome to a prime opportunity in historic South Shore with this beautifully rehabbed 2-unit building with 1-car garage. The property features a smart layout: one unit offers 2 spacious bedrooms + den/walk-in-closet (easily convertible to a 3 bed + den/WIC), formal living and dining rooms, and 1 bathroom. The second unit boasts 3 large bedrooms + den/WIC, a formal living room, and 1 bathroom. An unfinished basement with good ceiling height offers many possibilities. Individual utilities provide added convenience for both tenants and landlords. Completely transformed in 2021, the quality of the rehab and attention to detail truly set this property apart. Upgrades include new windows, upgraded plumbing, electrical, HVAC, cabinetry, refinished hardwood floors, tuck-pointing, privacy fence, iron gate, and more. Ideal for investors or owner-occupants, this turnkey property is cash-positive and poised for value growth. Located in a highly convenient area near multiple public transit options, Lake Shore Drive, shopping centers, beaches, and outdoor recreation. The Obama Presidential Library under construction nearby promises to further enhance property values for years to come. Additional opportunities to adjust rents to the current market rate and rent out parking make this the perfect addition to your portfolio. Priced at 10.7 GRM rate at list price.
Location
State IL
County Cook
Area Chi - South Shore
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas
Equipment CO Detectors,Ceiling Fan(s),Multiple Water Heaters
Fireplace N
Exterior
Exterior Feature Deck,Other
Garage Detached
Garage Spaces 1.0
Community Features Park,Curbs,Sidewalks,Street Lights,Street Paved
Waterfront true
Roof Type Asphalt
Building
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition None