6-Unit Chicago Investment Property – 7833 S Kingston Ave, 60649 – $599k

Investment Overview Discover a prime value-add multifamily opportunity in the South Shore neighborhood. This 6-unit brick apartment building offers a strong mix of four 2-bedroom/1-bath units and two 3-bedroom/1-bath units. With over 50% of the apartments already fully renovated, this asset provides a proven path to capturing higher market rents. A new owner can immediately step into stable cash flow while executing a strategic plan to modernize remaining units and optimize management for long-term equity growth.

Property Highlights

• Asset Quality: Durable all-brick construction featuring convenient front and rear center entrances.

• Spacious Layouts: Each residence is designed with large, sun-drenched living rooms, formal dining/family areas, and separate kitchens with pantry storage.

• Convenient Amenities: All units feature back enclosed porches and easy access to rear parking.

• Strategic Upside: Significant potential to increase NOI by completing the remaining renovations or reconfiguring existing 2-bedroom layouts into 3-bedroom units to meet local housing demand.

• Portfolio Potential: This building is currently available as part of a discounted package with an identical adjacent 6-unit property, offering immediate scale for a larger portfolio.

Neighborhood & Location Situated in a desirable South Shore location, this property benefits from excellent connectivity and local infrastructure:

• Transit Access: Proximity to major public transportation hubs, including the Metra line, simplifying commutes.

• Lifestyle & Recreation: Located just minutes from the scenic Lake Michigan lakefront and surrounding parklands.

• Local Infrastructure: Surrounded by an established mix of essential grocery stores, shops, and neighborhood services, ensuring consistent rental demand.

Investment Thesis This multifamily offering is perfectly suited for investors seeking a combination of immediate income and clear, actionable value-add milestones. By leveraging the existing renovation momentum and the flexibility of the floor plans, an investor can maximize rental income and stabilize the asset within a growing Chicago submarket.