7650 South Eggleston AvenueChicago, IL 60620Price: $500,000

  • Price: $500,000
  • 216 Days on Market
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Federal 30-year interest rate: 6.77% last updated on Feb 15, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1910Year Built

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7650 S. Eggleston is an eight (8) unit walk-up building located in the Greater Grand Crossing neighborhood of Chicago's South Side. The property sits on a quiet, tree lined street one (1) block from Auburn Park and Winneconna Parkway, which boasts Venetian style canals overlooking beautiful lagoons and stone bridges. 7650 S. Eggleston truly has a unique unit mix that can be tailored to all renters. Of the eight (8) units, the building is comprised of two (2) 2b/1ba units, four (4) 1b/1ba units, and two (2) 0b/1ba studio units. All of which, however, are spacious and have been meticulously maintained. Additionally, all of the units boasts hardwood flooring throughout and updated kitchens with granite countertops along with Juliette balconies. Recent improvements to the building consist of, but not limited to: a newer 800 Amp electric service, individual in-unit HVAC furnaces, updated copper plumbing, newer windows, as well as steel rear porch. 7650 S. Eggleston provides an investor with the opportunity to acquire a cash flowing asset with an in place cap rate of 10.01%. Simply by raising rents and occupying the building to maximum efficiency, an investor can realize a cap rate of nearly 11.7% and cash return over 25%.

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Listed by Aaron Sklar and Noah Birk of Kiser Group Realty Inc

Based on information submitted to MRED  as of February 21, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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