Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
0 Beds
29,760 sqft

$950,000

7839 S Kingston Avenue, Chicago IL, 60649

Price per sqft$31.92
Built in1929
Property size29,760 sqft
Property typeMulti-family
Listed by Tommy Choi with Keller Williams ONEChicago 773-851-5840

Overview

Active

Listed Sep 23, 2026

Updated 10 days ago

Prime Value-Add investment opportunity in nice South Shore neighborhood. 4.95 Gross Rent Multiplier, 10.5 CAP. 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.

$6,320/mo

Est. mortgage payment based on a $950,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$30,956
Tax Frequency
Annually
Maintenance Expense
$6,000
MLS provider logo

Listed by Tommy Choi with Keller Williams ONEChicago 773-851-5840

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Julia Cherepova | CA DRE# 02224219 are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 9/30/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

©2026 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data is refreshed every 3 hours. Listing last updated 7:15 AM UTC on 9/30/2026. 

DMCA Notice

 

 

Powered by Luxury Presence