7322 S. Kingston Ave.

7322 S. Kingston Ave., Chicago, IL 60649

  • For Sale $380,000
  • Property Type Multi-Family
  • Property Size 3,869 SF
  • Units 5
  • Year Built 1960
  • Date Updated Mar 29, 2024
7322 S. Kingston Ave is located in Chicago's southside neighborhood of South Shore.Jameson Commercial Real Estate has been exclusively engaged to list and present 7322 S. Kingston, a legal 5-unit located in Chicago’s South Shore neighborhood. The property is just 2.5 blocks away from the “South Shore” stop, Metra Train line connecting Chicago to Indiana. It is also just a short distance from Lake Michigan, the South Shore Cultural Club, South Shore Beach, South Shore Golf Club, and Jackson Park Golf Course. The subject property comprises five spacious 1 bedroom 1 bath units. The units offer predominantly hardwood floors and standard finishes in the kitchen and bathrooms. The second-floor units have individual furnaces, while the first-floor units have baseboard hot water with individual boilers, resulting in tenants paying for their separate heat. The property has been maintained on a need-by-need basis, and the porches were replaced in 2018. The rents have not been raised since the property was purchased in 2016. 7322 S. Kingston presents a value-add opportunity to a qualified investor by updating the units with modern finishes and bringing the rents up to market. This has the potential to increase the existing CAP Rate to close to 10% and a CoC return of 17.19%.

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Highlights

  • Legal 5 Unit
  • All 1 Bed 1 Bath Units
  • Individual Heat
  • New Porch (2018)
  • Value-Add
  • Unit 2W Renovated in 2024

Contacts

broker

Marco Cesario

Jameson Commercial

(312) 216-8000

Location

Getting Around

  • Walk Score ®

    79/100 Very Walkable

  • Transit Score ®

    64/100 Good Transit

  • Bike Score ®

    60/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood South Shore
  • Zip Code 60649
  • Market Chicago

Points of Interest

  • South Shore

    0.23 miles

  • Windsor Park

    0.34 miles

  • Bryn Mawr

    0.75 miles

  • Cheltenham (79th Street)

    0.87 miles

  • Stony Island

    1.26 miles

  • 83rd Street

    1.30 miles

  • 87th Street

    1.82 miles

  • 59th Street (University of Chicago)

    2.17 miles

  • 55th-56th-57th Street

    2.45 miles

  • Cottage Grove

    2.51 miles

  • Amstar

    0.23 miles

  • GoLo

    0.46 miles

  • Midwest

    0.70 miles

  • Fuel Star

    0.70 miles

  • All Star

    0.73 miles

  • Citgo

    0.74 miles

  • BP

    0.99 miles

  • Mobil

    1.02 miles

  • BP

    1.18 miles

  • Shell

    1.18 miles

  • Dorchester Parking Lot

    2.11 miles

  • Lexington Parking Lot

    2.53 miles

  • Campus South Parking

    2.63 miles

  • 93rd (South Chicago)

    2.67 miles

  • Parkiing / Mat Mgmt

    2.80 miles

  • Medical Campus Parking Garage A

    2.85 miles

  • Campus North Parking Garage

    2.93 miles

  • Medical Campus Parking Garage B

    2.98 miles

  • Garfield Park & Ride

    3.66 miles

  • City of Chicago Auto Pound

    4.13 miles

  • South Shore Motel

    1.48 miles

  • East of the Ryan

    2.09 miles

  • Empire Motel

    2.14 miles

  • The Study at the University of Chicago

    2.29 miles

  • Skyway Motel

    2.57 miles

  • Best Motel

    2.79 miles

  • Hyatt Place Chicago-South/University Medical Center

    2.93 miles

  • Sophy Hotel

    2.94 miles

  • Admiral Motel

    3.12 miles

  • Chicago Lake Shore Hotel

    3.21 miles

  • Kennedy Fish and Chicken

    0.18 miles

  • Majani

    0.19 miles

  • Taste Jamaica

    0.26 miles

  • L&G Restaurant

    0.26 miles

  • Ming's Chop Suey

    0.29 miles

  • Hoagy House

    0.29 miles

  • Magal Restaurant

    0.32 miles

  • Rainbow Beach Sub Shop

    0.33 miles

  • Ta'golazo

    0.39 miles

  • Surf's Up

    0.43 miles

  • Robert A. Black Magnet Elementary School

    0.27 miles

  • Adam Clayton Powell, Jr. Paideia Academy

    0.43 miles

  • Saint Phillip Neri School

    0.51 miles

  • Second Chance Tutoring

    0.56 miles

  • Edward A. Bouchet Math & Science Academy

    0.59 miles

  • Bradwell Elementary School

    0.60 miles

  • O'Keeffe Elementary School

    0.68 miles

  • South Shore International College Preparatory High School

    0.70 miles

  • Saint Bride's School

    0.75 miles

  • Former South Shore High School

    0.87 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    0.12 miles

  • Kenyatta's Day Care and Learning Center

    0.25 miles

  • DJ Brooks Child Development Center

    1.22 miles

  • Shining Star Child Development

    2.42 miles

  • UChicago Child Development Center - Drexel

    2.96 miles

  • Restoring the Seed Childcare

    3.01 miles

  • Mari's Bumble Bee Academy

    3.10 miles

  • Shining Star Child Development

    4.32 miles

  • Daycare

    5.58 miles

  • Me & You Learning Academy

    6.40 miles

Frequently Asked Questions

What is the lease rate for 7322 S. Kingston Ave.?

Rental asking rate at 7322 S. Kingston Ave. is $190,000.00/YR.

What is the total square footage of 7322 S. Kingston Ave.?

7322 S. Kingston Ave. totals 3,869 square feet.

When was this property built?

7322 S. Kingston Ave. was built in 1960.

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Contact Listing Broker

broker

Marco Cesario

Jameson Commercial

(312) 216-8000