Prime Value-Add investment opportunity in nice South Shore neighborhood. 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.
Property Details
Price:
$1,099,000
MLS #:
MRD12655074
Status:
Active
Beds:
5
Baths:
7
Type:
Commercial
Neighborhood:
chisouthshore
Listed Date:
May 21, 2026
Total Sq Ft:
29,760
Year Built:
1929
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Stories
3
Financial
Maintenance Fee
$6,000
Tax Year
2024
Taxes
$20,637
Map
Community
- Address7839 S Kingston Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60649
Market Summary
Current real estate data for Commercial in Chicago as of Jun 13, 2026
921
Commercial Listed
185
Avg DOM
$995,832
Avg List Price
Property Summary
- 7839 S Kingston Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60649. It is listed for $1,099,000
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Copyright 2026. All rights reserved.
7839 S Kingston Avenue
Chicago, IL


