Chicago, IL 60649 7420 S Kingston Avenue

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Presented By: Compass
  • MLS# 12156035
  • 09/05/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • Beds • 5
  • Baths • 2
  • Garage • 1

Home Details

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.
Presented By: Compass

Interior Features for 7420 S Kingston Avenue

Bedrooms

Bedrooms Possible5
Total Bedrooms5

Bathrooms

Full Baths Building2
Half Baths Building
Total Baths2

Other Interior Features

BasementFull
BasementUnfinished
Total Number of Units2

Other Rooms

Room TypeFoyer

General for 7420 S Kingston Avenue

Architectural StyleBrownstone
CityChicago
Community FeaturesPark, Curbs, Sidewalks, Street Lights, Street Paved
CountyCook
Days on Market7
DirectionsStoney Island to E 75th St Left onto Kingston to Property
Elementary School District299
Exterior FeaturesDeck, Other
Garage Spaces1
Gross Income37200
HeatingNatural Gas
High School District299
MLS AreaCHI - South Shore
MaintenanceExpense800
Middle/Junior School District299
Net Operating Income32410
New ConstructionNo
Percent OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
RoofAsphalt
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount2473.92
Tax Year2023
Total Rooms8
TownshipHyde Park
Virtual TourClick here
Water Sewer Expense700
Waterfront Y/NYes
Year Built1923
ZoningMULTI

Exterior for 7420 S Kingston Avenue

ExteriorBrick
Garage OnsiteYes
Garage OwnershipOwned
Garage TypeDetached
Lot Dimensions25X125
Lot Size Acres0.08
Other EquipmentCO Detectors, Ceiling Fan(s), Multiple Water Heaters
Total Parking1
Water SourceLake Michigan

Additional Details

Price History

Worth Clark

Price $399,900
MLS#12156035
List Date 09/05/2024
Property Type Multi-Family
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