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7549 S Kingston Ave
Chicago, IL 60649 South Shore

Price Upon Request

Apartments For Sale  •  25,500 SF

Property Details

  • Property Type Apartments
  • Total Building Size 25,500 SF
  • Lot Size 0.35 AC
  • Building Class B
  • Year Built 1923
  • Zoning RT-4, Chicago
70 Transit Score
70 Walk Score

Highlights

First-lien note sale on a 31-unit South Shore apartment building, offering control through a secured position and payment default scenario.
Positioned in Chicago's resurging South Shore, just blocks from the commercial corridor and walking distance to Rainbow Beach.
Attractive 4.33% interest rate on the original loan term with 136 months remaining, creating long-term note income potential.
Balanced unit mix of 15 large one-bedrooms and 16 spacious two-bedrooms supports broad tenant demand and leasing appeal.
Value-add upside through rent growth, operational improvements, and potential one-bedroom conversions targeting double-digit returns.

Amenities

  • Air Conditioning
  • Heating
  • Refrigerator
  • Oven
  • Range

Public Transportation

Commuter RailDriveWalkDistance
Windsor Park Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 1 min 5 min 0.3 mi
Cheltenham Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 12 min 0.6 mi
Transit/SubwayDriveWalkDistance
Windsor Park Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 1 min 5 min 0.3 mi
Cheltenham Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 12 min 0.6 mi
South Shore Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 12 min 0.6 mi
AirportDriveWalkDistance
Chicago Midway International 24 min - 11.8 mi
Chicago O'Hare International 45 min - 28.5 mi
Tyler Hague 847-975-8358 Colliers
Tyler Hague 847-975-8358 Colliers