7542 S. Kingston Ave

For Sale

7542 S. Kingston Ave, Chicago, IL 60649

This Chicago property for sale is located at 7542 S. Kingston Ave. The current listed sale price for 7542 S. Kingston Ave is $550,000.

Contacts

broker
Noah Birk

Kiser Group

Property Details

  • Property Type Multi-Family
  • Property Size 10,800 SF
  • Units 6
  • Date Updated Apr 10, 2025
6 Units | South ShoreKiser Group is pleased to exclusively offer for purchase 7542 S. Kingston, a rarely available six (6) unit walkup located in Chicago’s South Shore neighborhood. The asset is ideally situated just blocks from Lake Michigan and Rainbow Beach Park. Additionally, for quick and convenient transportation, the asset is nearby to Chicago’s Lake Shore Drive which provides tenants easy access to Chicago’s downtown in roughly fifteen minutes. 7542 S. Kingston is currently comprised of six (6) oversized 3b/2ba units. All units feature incredibly spacious layouts with a sun-room, family room, dining room, three (3) bedrooms and two (2) bathrooms. Throughout the years, the building has undergone extensive renovations consisting of, but not limited to: updated copper plumbing, new kitchens and baths, new boiler (2023), and an abundance of cosmetic updates. The building also features a three (3) car garage & two (2) car garage totaling five (5) parking spaces. 7542 S. Kingston presents an investor with a unique opportunity to acquire a strong, positive cash-flowing building with an in-place cap rate of 9.00% and a cash return of 13%. Given the quality of the units coupled with the prime location, by releasing and increasing rents to levels already being achieved in the building, an investor could increase the cap rate to over 11% and a cash return of 22.34%.
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Highlights

  • Six (6) 3Bd/2Ba Units
  • Massive Floorplans
  • Prime South Shore Location
  • New boiler (2023)
  • Five (5) Garage Spaces

Getting around

  • 73/100

    Walk Score ®

  • 69/100

    Transit Score ®

  • 56/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood South Shore
  • Zip Code 60649
  • Market Chicago

Points of Interest

  • Windsor Park

    0.19 miles

  • South Shore

    0.53 miles

  • 83rd Street

    1.05 miles

  • Stony Island

    1.40 miles

  • 87th Street

    1.54 miles

  • 63rd Street

    2.08 miles

  • South Chicago (93rd Street)

    2.25 miles

  • 55th-56th-57th Street

    2.73 miles

  • 51st-53rd Street (Hyde Park)

    3.27 miles

  • Garfield

    3.84 miles

  • Amstar

    0.22 miles

  • GoLo

    0.25 miles

  • Citgo

    0.47 miles

  • All Star

    0.49 miles

  • Fuel Star

    0.66 miles

  • Midwest

    0.73 miles

  • BP

    1.22 miles

  • Mobil

    1.28 miles

  • ChargePoint

    2.85 miles

  • Tesla Supercharger

    4.85 miles

  • 83rd Street Metra Park & Ride

    1.06 miles

  • Trailer Parking

    1.69 miles

  • 93rd St. (South Chicago) Station Parking Lot

    2.36 miles

  • Dorchester Parking Lot

    2.37 miles

  • Chapin Hall Parking Lot

    2.44 miles

  • Kimbark South Parking Garage

    2.48 miles

  • Lexington Parking Lot

    2.78 miles

  • Campus South Parking

    2.85 miles

  • Parking/Materials Management

    3.04 miles

  • Medical Campus Parking Garage A

    3.09 miles

  • South Shore Motel

    1.35 miles

  • East of the Ryan

    2.06 miles

  • Empire Motel

    2.16 miles

  • Skyway Motel

    2.34 miles

  • Stony Island Motel

    2.38 miles

  • The Study at the University of Chicago

    2.54 miles

  • Admiral Motel

    2.95 miles

  • Best Motel

    2.96 miles

  • Hyatt Place Chicago-South/University Medical Center

    3.21 miles

  • Sophy Hotel

    3.22 miles

  • Local Market Foods

    0.78 miles

  • Save-A-Lot

    0.98 miles

  • Zees Supermarket Plus

    1.24 miles

  • Jewel-Osco

    1.27 miles

  • ALDI

    1.33 miles

  • Cecy's Molino De Masa

    1.38 miles

  • La Fruteria

    1.80 miles

  • Macias Produce

    1.85 miles

  • Pete's Produce

    1.90 miles

  • City Sports

    2.67 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Noah Birk

Kiser Group

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