Map of Property

1758 East 72nd Street

1758 East 72nd Street, Chicago, IL 60649

  • For Sale $565,000
  • Property Type Multi-Family
  • Property Size 9,240 SF
  • Units 6
  • Lot Size 0.16 Acre
  • Year Built 1923
  • Date Updated Feb 19, 2024
The subject property is situated in the vibrant South Shore neighborhood of Chicago. This property enjoys a convenient location in a well-established community, offering residents easy access to local amenities and transportation options. Within walking distance, you'll find the beautiful Lake Michigan shoreline, perfect for leisurely strolls and enjoying the lakeside atmosphere. South Shore boasts excellent public transportation with multiple CTA bus routes and proximity to the Metra Station, making commuting a breeze. The neighborhood is characterized by diverse architecture and a rich history, showcasing the area's prominence. Nearby, you can explore notable attractions such as Rainbow Beach and Jackson Park, adding to the area's appeal. With its central location and access to the city's cultural and recreational offerings, 1758 E 72nd St offers a comfortable and well-connected urban living experience in Chicago's South Shore.Essex Realty Group Inc. is pleased to announce our exclusive listing to sell 1758 E. 72nd Street, a 3-story multifamily building in Chicago's South Shore neighborhood. This property received great care and maintenance over the last 25 years with owner on-site. This well-maintained brick walk-up comprises of six (6) 2-bedroom/1-bathroom apartments. 1758 E. 72nd offers a prime location just a block away from the popular Metra Electric (Bryn Mawr Station) and an array of grocery stores and shops. This multifamily opportunity comes with a value-add aspect right from the moment of acquisition. Currently, the average apartment rents at $975, and similar units in the area are renting at $1350 providing investors the opportunity to increase rents by $375.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Professionally Owned and Operated by Long Term Local Owner
  • Strong Rental Upside: Current Rents are ~$400 Below Market Rates
  • Stabilized, Cash-Flowing Asset
  • Favorable Mix of All Spacious Two Bedroom Units With Living Room, Dining Room, and Sunroom
  • Highly Desirable South Shore Location: Walking Distance to Grocery Stores, Rainbow Beach, Metra Electric Stations
  • Brick Five (5) Car Garage In Rear Of Building

Contacts

broker

Jeremy DeMarco

Essex Realty Group

(312) 890-2232

Location

Getting Around

  • Walk Score ®

    84/100 Very Walkable

  • Transit Score ®

    65/100 Good Transit

  • Bike Score ®

    56/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood South Shore
  • Zip Code 60649
  • Market Chicago

Points of Interest

  • Bryn Mawr

    0.22 miles

  • Stony Island

    0.35 miles

  • South Shore

    0.81 miles

  • Windsor Park

    1.20 miles

  • 59th Street (University of Chicago)

    1.63 miles

  • Cheltenham (79th Street)

    1.68 miles

  • Cottage Grove

    1.68 miles

  • 55th-56th-57th Street

    1.97 miles

  • 83rd Street

    2.02 miles

  • King Drive

    2.07 miles

  • Shell

    0.31 miles

  • Midwest

    0.44 miles

  • BP

    0.47 miles

  • Fuel Star

    0.61 miles

  • Mobil

    0.64 miles

  • BP

    0.65 miles

  • BP

    0.77 miles

  • BP

    0.78 miles

  • 2001

    0.82 miles

  • Amstar

    0.84 miles

  • Dorchester Parking Lot

    1.50 miles

  • Campus South Parking

    1.85 miles

  • Lexington Parking Lot

    1.87 miles

  • Parkiing / Mat Mgmt

    2.06 miles

  • Medical Campus Parking Garage A

    2.11 miles

  • Medical Campus Parking Garage B

    2.27 miles

  • Campus North Parking Garage

    2.29 miles

  • Garfield Park & Ride

    2.89 miles

  • 93rd (South Chicago)

    3.23 miles

  • City of Chicago Auto Pound

    4.16 miles

  • South Shore Motel

    1.20 miles

  • Empire Motel

    1.35 miles

  • East of the Ryan

    1.40 miles

  • The Study at the University of Chicago

    1.62 miles

  • Best Motel

    1.90 miles

  • Sophy Hotel

    2.46 miles

  • Hyatt Place Chicago-South/University Medical Center

    2.49 miles

  • Skyway Motel

    2.50 miles

  • Admiral Motel

    2.76 miles

  • Chicago Lake Shore Hotel

    2.85 miles

  • Shark's Fish and Chicken

    0.13 miles

  • Taste of Chicago

    0.21 miles

  • Italian Fiesta

    0.21 miles

  • The Slab Bar-B-Que

    0.21 miles

  • Good Foods Vegan/Vegetarian Deli

    0.27 miles

  • Domino's

    0.28 miles

  • Subway

    0.28 miles

  • Burger King

    0.29 miles

  • Dunkin'

    0.29 miles

  • KFC

    0.42 miles

  • Children's Developmental Institute

    0.26 miles

  • Clara Muhammad Elementary School

    0.29 miles

  • Parkside Community Academy

    0.31 miles

  • Edward A. Bouchet Math & Science Academy

    0.36 miles

  • Saint Phillip Neri School

    0.42 miles

  • South Shore Fine Arts Academy

    0.48 miles

  • O'Keeffe Elementary School

    0.51 miles

  • South Shore International College Preparatory High School

    0.51 miles

  • Second Chance Tutoring

    0.56 miles

  • James Madison Elementary School

    0.56 miles

  • DJ Brooks Child Development Center

    0.39 miles

  • Kenyatta's Day Care and Learning Center

    0.81 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    0.86 miles

  • UChicago Child Development Center - Drexel

    2.27 miles

  • Shining Star Child Development

    2.96 miles

  • Mari's Bumble Bee Academy

    3.57 miles

  • Restoring the Seed Childcare

    3.63 miles

  • Shining Star Child Development

    4.85 miles

  • Daycare

    5.02 miles

  • Me & You Learning Academy

    6.04 miles

Frequently Asked Questions

What is the lease rate for 1758 East 72nd Street?

Rental asking rate at 1758 East 72nd Street is $282,500.00/YR.

What is the total square footage of 1758 East 72nd Street?

1758 East 72nd Street totals 9,240 square feet.

When was this property built?

1758 East 72nd Street was built in 1923.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Jeremy DeMarco

Essex Realty Group

(312) 890-2232