7613 South Kingston Avenue

Chicago, IL 60649

$1,100,000
Price
26
Beds
13
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover this stunning 13-unit multi-family property nestled in the vibrant South Shore neighborhood of Chicago. Near the future site of PsiQuantum's First US-Based Utility-Scale Quantum Computer in Chicago. Each of the thirteen units boasts two spacious bedrooms, a separate living room, a dedicated kitchen, and beautiful hardwood flooring throughout. With all units currently rented, this property offers immediate income for the savvy investor, or a wonderful value-add opportunity. Convenience is...Discover this stunning 13-unit multi-family property nestled in the vibrant South Shore neighborhood of Chicago. Near the future site of PsiQuantum's First US-Based Utility-Scale Quantum Computer in Chicago. Each of the thirteen units boasts two spacious bedrooms, a separate living room, a dedicated kitchen, and beautiful hardwood flooring throughout. With all units currently rented, this property offers immediate income for the savvy investor, or a wonderful value-add opportunity. Convenience is key! The property is within walking distance to the Windsor Park Metra Station and CTA buses, making public transportation a breeze. Enjoy the best of South Shore's recreational offerings with Rainbow Beach, the South Shore Cultural Center, and the picturesque Lakefront just a short stroll away. This property is not only a beautiful place to live but also a lucrative investment. With an effective gross income of $138,510.00 and a Net Operating Income of $97,153.99, it promises attractive investor returns and a great addition to a portfolio. The current owner has thoughtfully updated the units and installed individual furnaces across all units, allowing tenants to manage their own heating costs, further enhancing the property's appeal. Each unit has been meticulously updated to ensure modern comforts while retaining classic charm. The property is move-in ready, offering a seamless transition for new owners and tenants alike. Seize this fantastic opportunity to own a piece of South Shore's thriving real estate market. Schedule your visit today and envision the endless potential this property holds for your investment portfolio. For more information or to arrange a viewing, contact us now!
  1. Listed by Gonzalo Del Rio • Dream Town Real Estate
  2. Listed by Christopher Sweitzer • Dream Town Real Estate

Property Details for 7613 South Kingston Avenue

Area
CHI - South Shore
Township
Hyde Park
Zoning
MULTI
LISTING UPDATED: 08/17/2024 03:34 AM

Property Details for 7613 South Kingston Avenue

StatusActive
MLS #12078315
Days on Market134
Taxes$11,656 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1922
Lot Size0.17 AC / 7,405 SF
CountyCook County

Building Information for 7613 South Kingston Avenue

Stories3Residences13Year Built1922Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 7613 South Kingston Avenue

General Information
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Gas
  • Num of Baths: 13.0
Property/Lot Information
  • Tenant Pays: Electricity, Other
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance,Courtyard,Flats
  • Lot Dimensions: 60 X 125
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick, Concrete
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Conversion: N
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 4
  • Document Date: 2024-06-12T21:58:03
  • Photos Count: 34
  • Deconversion: N
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 13
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $17,400.00
  • Gross Income: $145,800.00
  • Gross Scheduled Income: $145,800.00
  • Insurance Expense: $8,700.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Expense Year: 2018
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 3600
  • Other Expense Source: Owner Projection
  • Repairs-Decor Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 12150
  • Water Expense Source: Owner Projection
  • Net Operating Income: $104,444.00
  • Operating Expense: $41,356.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 13
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 7613 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 7613 South Kingston Avenue

Taxable ValueLand$8,184Additions$48,486Total$56,670
Tax Record2022$11,656 ($971 / month)
Home Facts
Stories3Lot Size7,440 SqFtStyleMulti-Family Res (5+ Units)Year Built1922CountyCOOKAPN21-30-310-002

Schools near 7613 South Kingston Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 4 to 12
Rating
School
Distance
Excel Academy - Woodlawn HS
Public9 to 12

CAMELOT SAFE ACADEMY SCHOOL
Public4 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.

Similar Homes

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7613 South Kingston Avenue is a multi-family home for sale in Chicago, IL 60649. This property was listed for sale on June 12, 2024 by Dream Town Real Estate, it's currently listed at $1,100,000. It has been on the market for a total of 134 days and was last sold on December 30, 2021. This listing's school district is City Of Chicago School District 299. Nearby schools include Bradwell Community Arts & Sci Elementary School, Chicago Vocational Career Academy High School and Excel Academy - Woodlawn HS. 7613 South Kingston Avenue is a 26-bed, 13-bath, multi-family home built in 1922.

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.

Listing Courtesy of Dream Town Real Estate

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 08/17/2024 03:34 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.