Active · For Sale · Multi Family 5+

7601 S Kingston Avenue, Chicago, IL 60649

MLS #12797042

7601 S Kingston Avenue, Chicago, IL 60649
7601 S Kingston Avenue, Chicago, IL 60649CRER
7601 S Kingston Avenue, Chicago, IL 60649

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7601 S Kingston Avenue, Chicago, IL 60649

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The property

Executive summary

Pleased to exclusively present this large corner courtyard building located in the heart of Chicago's South Shore neighborhood. This attractive investment opportunity features a desirable unit mix consisting of 12 studios, 13 one bedroom units, and 9 spacious two bedroom units. These fully renovated units are achieving top of the market rents on the block. The owners have put in a new boiler (2025), New roof, porches, and tuckpointing (2026), and skilled renovation projects to the units that turnover. Ideally situated within walking distance to Windsor Park Metra Station and CTA buses, this property enhances tenant convenience and appeal. Nearby attractions include Rainbow Beach, the South Shore Cultural Center, the new The Obama Presidential Center, and the picturesque Lakefront.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$474,120
Reported Annual Expenses
$196,163
Estimated NOI
$277,957
Estimated Cap Rate
14.63%
Estimated GRM
4.01
Annual Taxes
$48,891 (2025)

Property Details

Units
34
Lot Acreage
0.34
Lot Dimensions
125 X 117
Stories
3
Year Built
1924
Building Age
Older
Construction
Brick
Roof
Flat, Membrane
Zoning
MULTI
Parcel Number
21303100010000

Operations & Utilities

Heating
Gas, Radiators
Tenant Pays
Electricity
Electric
Circuit Breakers

Location & Use

County
Cook
Market Area
Chicago - South Shore
Township
Hyde Park

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.