$399,900
Active
17 Days Online
5 Beds0 Baths0 SQFT
Active

7420 S Kingston Avenue Chicago, IL 60649

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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.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyCook
  • Taxes$2,473
  • HOA/Condo/Coop Fees$0
  • Days on Site17 Days
  • MLS StatusActive
  • MLS ID Number12156035
  • Home Size Source N/A
  • Year Built1923
  • Lot Size0.08 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Style Brownstone
  • Parking Spaces 1
  • Sewer Public Sewer
  • Basement Full
  • Acreage 0.08
  • Property Sub Type Multi Family
  • Garage Spaces 1
  • Zoning MULTI
  • General Information None
  • Garage Detached
  • Rooms Total 8
  • Lot Size Less Than .25 Acre
  • Water Lake Michigan
  • Parking Total 1

Interior Features

  • Heating Natural Gas
  • Room Types Foyer

Exterior Features

  • Roof Asphalt
  • Waterfront Property Yes
  • Exterior DeckOther
  • Waterfront true

Community Features

  • Township Hyde Park
  • Community Features ParkCurbsSidewalksStreet LightsStreet Paved
  • MLS Area CHI - South Shore

Schools

School District
299
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$1,937
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