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$595,000
Est. payment /mo
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12445215
Maintenance Fees $2,400
Year Built 1925
Annual Tax Amount $3,922
Tax Year 2023
Lot Size 6,098 Sqft
Lot Dimensions 50 X 125
Property Sub-Type Multi Family 5+
Property Description
7528 South Coles Avenue is a well-maintained, six-unit multifamily property located in Chicago's South Shore neighborhood-a rental-heavy market with strong occupancy fundamentals and steady tenant demand. This core asset features spacious 2-bedroom, 1-bathroom layouts averaging 900 square feet, offering both immediate cash ow and near-term upside through rent stabilization. Offered at $595,000 ($99,167 per unit), the asset delivers durable income performance with fullt occupancy. The property generates $79,344 in scheduled gross income (SGI) and $75,377 in collected gross income, supported by an average in-place rent of $1,102 compared to a market average of $1,300.
Location
State IL
County Cook
Area Chi - South Shore
Zoning MULTI
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
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Listed by Ryan Blake • Nara Advisors, Inc