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7200-02 S Stony Island Ave
Chicago, IL 60649 Grand Crossing

$3,300,000 USD

Apartments For Sale • 22,146 SF

Property Details

Property Type Apartments
Total Building Size 21,600 SF
Lot Size 0.28 AC
Building Class C
Year Built 1898
Cap Rate 5.58 %
Zoning C2-2

65 Transit Score

88 Walk Score

                
                    Highlights
                
                                24 Renovated Units: Twelve (12) 2 bed / 1 bath and twelve (12) 1 bed / 1 bath apartments with updated finishes and spacious layouts
                            
                                Modernized Interiors: Stainless steel appliances, in-unit laundry, updated kitchens and baths, refinished hardwood floors
                            
                                Separate Utilities: Individual furnaces and hot water tanks in each unit—minimizing ownership expenses
                            
                                Major Capital Improvements: Updated electric and plumbing, newer steel rear porch, security cameras, intercom system w/ keyless entry + new iron gate

Financial Summary (Actual)

Net Operating Income: $184,131 USD (2024)

Cap Rate:	5.58 %
Total Expenses:	$152,716 USD

Amenities

Air Conditioning
Washer/Dryer
Heating
Kitchen
Refrigerator
Stainless Steel Appliances
Range
Tub/Shower
Intercom
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Stony Island Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	1 min	3 min	0.2 mi
Bryn Mawr Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	2 min	12 min	0.6 mi
Transit/Subway	Drive	Walk	Distance
Stony Island Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	1 min	3 min	0.2 mi
Bryn Mawr Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	1 min	12 min	0.6 mi
75th Street (Grand Crossing) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	2 min	16 min	0.8 mi
Airport	Drive	Walk	Distance
Chicago Midway International	20 min	-	9.6 mi
Chicago O'Hare International	68 min	-	30.7 mi

Harrison Cohen 847-624-6639 Triton Realty Group, LLC

7200-02 S Stony Island Ave Chicago, IL 60649 Grand Crossing