7420 South Kingston Avenue

Chicago, IL 60649

$399,900
Price
5
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.

Listing Agents

  1. Jon Fox

    Jon Fox

    Listing Agent

    Compass

    jon.fox@compass.com

    P: (704)-771-2139

  2. Alicia Blumer

    Alicia Blumer

    Alternative Listing Agent

    Compass

    alicia.blumer@compass.com

    P: (847)-800-8476

Property Details for 7420 South Kingston Avenue

Area
CHI - South Shore
Township
Hyde Park
Ownership
Fee Simple
Num Of Garage Spaces
1.0
Num Of Parking Spaces
1.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
Architectural Style
Brownstone
LISTING UPDATED: 09/11/2024 12:06 AM

Property Details for 7420 South Kingston Avenue

StatusActive
MLS #12156035
Days on Market79
Taxes$2,474 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1923
Lot Size0.08 AC / 3,484 SF
CountyCook County

Building Information for 7420 South Kingston Avenue

Stories-Residences2Year Built1923Building Size-Lot Size0.08 AC / 3,484 SF

Property Information for 7420 South Kingston Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 8
  • Bedrooms (Below Grade): 0
  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 5
  • Basement Description: Unfinished
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Room Type: Foyer
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
  • Other Equipment: CO Detectors, Ceiling Fan(s), Multiple Water Heaters
Property/Lot Information
  • Exterior Property Features: Deck, Other
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2021
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X125
  • Total # Units in Building: 2.0
  • Waterfront: Yes
  • Exterior Building Type: Brick
  • Roof Type: Asphalt
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 7400
  • East Coordinate: 2600
  • West Coordinate: 0
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 2
  • Document Date: 2024-09-05T18:32:56
  • Photos Count: 30
  • OpenHouse Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $37,200.00
  • Maintenance Expense: $800.00
  • Manager Expense: $1,750.00
  • Manager Expense Source: AC
  • Other Addl Income: Parking Space/s
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Actual
  • Water Expense Source: Actual
  • Net Operating Income: $32,410.00
  • Water Sewer Expense: $700.00
  • Other Expenses $: 1540
Unit 1
  • Unit Type Actual Rent: $1,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 00/00
Unit 2
  • Unit Type Actual Rent: $1,600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: MTM

Property History for 7420 South Kingston Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7420 South Kingston Avenue

Taxable ValueLand$4,571Additions$10,428Total$14,999
Tax Record2022$3,085 ($257 / month)
Home Facts
Baths2Total Finished SqFt2,370 SqFtAbove Grade Finished SqFt2,370 SqFtStories2Lot Size3,657 SqFtStyleMulti-Family Res (5+ Units)Year Built1923CountyCOOKAPN21-30-116-022Fireplace TypeHas Fireplace

Schools near 7420 South Kingston Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Powell Elementary Paideia Community Academy
PublicPK to 8

Excel Academy - Woodlawn HS
Public9 to 12

South Shore Intl Col Prep High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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7420 South Kingston Avenue is a multi-family home for sale in Chicago, IL 60649. This property was listed for sale on September 5, 2024 by Compass, it's currently listed at $399,900. It has been on the market for a total of 79 days and was last sold on July 30, 2021. This listing's school district is Chicago Public Schools. Nearby schools include Powell Elementary Paideia Community Academy, Chicago Vocational Career Academy High School and Excel Academy - Woodlawn HS. 7420 South Kingston Avenue is a 5-bed, 2-bath, multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/11/2024 12:06 AM. 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.