Triton Realty Group, LLC presents for purchase 7200-02 S. Stony Island Avenue, a 24 unit multifamily building located in Chicago's booming South Shore neighborhood. This elegant brick walk-up contains an excellent unit mix featuring twelve (12) 2 bed/1 bath and twelve (12) 1 bed/1 bath apartments. This property has received great care, maintenance, and updates to the units all while preserving its classic historic Chicago architecture. Every apartment showcases desirable open floor plans with massive square footage, large living areas, ample bedroom space, a beautiful kitchen and plenty of natural light. Other updates include condo quality finishes: stainless-steel appliances, in-unit laundry, refinished hardwood flooring, and updated bathrooms. In addition to its cosmetic updates, the building has individual and separate utilities in-unit, minimizing owner expenses. Further building improvements include, but are not limited to, updated electric, plumbing, a steel porch system, and an abundance of masonry & tuckpointing work. 7200-02 S. Stony Island Avenue presents an incredible investment opportunity to acquire a renovated building in one of Chicago's most developing and desirable neighborhoods, South Shore. From a risk-adjusted perspective, a new investor has the prospect of adding value without the significant cost of a construction renovation. By raising rents to levels already being achieved in the building, new ownership may further improve the building's income. A buyer has the rare opportunity to acquire a stabilized investment with upside potential in an appreciating location providing a solid cash-on-cash return for many years to come.
Some words will not translate correctly. By using this feature, you accept this risk and agree to release Berkshire Hathaway HomeServices and its franchisees from any claims or damages resulting from incorrect translation.
Berkshire Hathaway HomeServices does not endorse any of the products or vendors, referenced on this material.
Any mention of vendors, products, or services is for informational purposes only.
Member of: Berkshire Hathaway HomeServices Starck Real Estate, (847) 934-1153 Agent Login | Agent CRM Login
Our website uses cookies, including third parties’ profiling cookies, to improve your user experience. You can learn more about how we use cookies and how to change your
cookies settings in our Privacy Policy. By closing this message, clicking above or continuing to use this site, you consent to our use of cookies.