7830 S Kingston Ave
Marcus & Millichap is pleased to present this multi-family real estate opportunity in the South Shore neighborhood of Chicago. The subject property of 7830 South Kingston Avenue is located 11.8 miles south of Chicago's downtown loop area, 1 mile west of Lake Michigan, 0.8 miles west of South Shore Drive, and 0.6 miles west of the Metra Electric Cheltenham train station. The unit mix for the subject property consists of six two-bedroom one-bathroom units that measure 900 square feet respectively.
Chicago's South Shore neighborhood is a historically vibrant community that will be rejuvenated by the $500 million Barack Obama presidential library and museum being built on its northern edge in Jackson Park. The neighborhood is nearby major institutions and attractions, including the Museum of Science and Industry, the University of Chicago, and the lakefront. The subject property is within walking distance to the Chicago Cultural Center, Jackson Park Golf Course, and Rainbow Beach Park.
An investor can take full advantage of this real estate opportunity by capitalizing on the ability to raise rents to conform with the current rental market, and cash flow this asset.