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$ 460,000
Est. payment | /mo
7,902 SqFt
$ 460,000
Est. payment | /mo
7,902 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,902 sqft
Price per Sqft $58
MLS Listing ID 12500883
Year Built 1916
Annual Tax Amount $3,164
Tax Year 2023
Lot Size 5,227 Sqft
Lot Dimensions 40x125
Property Sub-Type Multi Family 5+
Property Description
Discover an exceptional investment opportunity in Chicago's South Side - a meticulously maintained 6-unit brick property at 7304 S Union. This updated, character-filled building showcases timeless curb appeal, secure gated entry, and a welcoming foyer. Three of the six units are currently occupied by long-term (month-to-month) tenants paying rents substantially below market, creating substantial upside through future rent adjustments. The remaining three units have been fully renovated and are move-in ready, allowing immediate leasing at market rates and strong near-term income growth. Whether you're an experienced investor seeking reliable cash flow with clear value-add potential or a new entrant looking for a manageable, high-performing asset, this property checks every box. With its durable construction, stabilized occupancy, and opportunity for income optimization, it comes with excellent cash-on-cash returns and long-term appreciation potential. Competitively priced, this is a rare chance to secure a turnkey, income-producing property with built-in upside.
Location
State IL
County Cook
Area Chi - Englewood
Rooms
Basement Unfinished
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
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Listed by Christopher Sweitzer of Compass