NEW! Buy and sell safely with virtual options - Learn More
About the Listing 88183 - 1017906
7716-18 S. East End Avenue is a 16-unit multifamily in Chicago's South Shore neighborhood. The offering consists of a well-maintained walk-up building comprised entirely of spacious one-bedroom units, providing an efficient and highly leasable unit mix. This investment presents a clear and executable value-add opportunity to significantly increase revenue through improved management and leasing, along with strategic unit renovations to capture market rents. Approximately one-third of the units have already received cosmetic upgrades, allowing a new owner to continue a proven renovation program and drive rental growth across the remaining units. In addition to strong in-place income, the property benefits from an on-site laundry facility, offering additional revenue potential and enhanced tenant appeal. With below-market rents, a straightforward operational upside, and a desirable location near the lakefront, this asset offers investors the opportunity to quickly unlock value and generate meaningful returns in one of Chicago's most established and accessible neighborhoods.
Listing Highlights
Status
Active
Days on Site
43
Property Type
Multi-Family
MLS ®
12667434
Year Built
1929
Total Square Footage
0
Lot/Acreage
0.15
County
Cook
Area
CHI - South Shore
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Radiators
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 6,599 SF
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $16,385
- Taxes w/Assessments: N/A
- Tax/Property ID: 20253170240000
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
7716-18 S East End Ave Chicago, IL 60649
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
