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7422 S Blackstone Ave

Chicago IL 60619

8
3
2
Multi-Family
Currently for sale - view listing

Overview

Welcome to the charming, income-generating 2-unit building in South Shore offering 8 bedrooms, 3 bathrooms, and a 2-car garage with a party door. The property features a 3-bedroom upper-level unit currently rented for $1,300/month, providing immediate rental income and strong potential for growth. The first-floor unit is duplexed to the basement and offers an expansive 5-bedroom, 3-bathroom layout with spacious bedrooms, hardwood floors, and stainless steel appliances. The first-floor unit has an estimated rental potential of $2,500-$2,700/month, making this an attractive opportunity for an investor or owner-occupant looking to maximize the property's income potential. With ease of access to Obama Presidential Center, University of Chicago, Jackson Park Hospital, the Illinois Tollway, Lake Shore Drive, Metra, and several commuter bus routes including 6, 28, 71, and 75, this may be the most convenient (and attractive) choice for you and/or your future tenants. The property is being offered as-is with a premium warranty covering major systems, appliances, correction of code violations, permits and modifications. The owner will address lender-required repairs as needed to facilitate financing. This is a solid opportunity for buyers seeking space, rental income, and long-term upside in a highly coveted location. If you're serious about taking the next step, contact me to schedule your showing today.

Features

8 bedrooms
3 bathrooms
2 carspaces
2 garage spaces
Multi-Family

Property history for 7422 S Blackstone Ave

2018
Sold
$176,000
29 Oct 2018 by Nathan Tavarez, of Keller Williams Experience
2018
Sold
$176,000
29 Oct 2018 by Nathan Tavarez, of Keller Williams Experience
2017
Sold
$166,000
24 Apr 2017 by Arthur Allen III, of Continental Estates LLC

Happy sellers in Chicago

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We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.

Local market activity for 8 bedroom multi families in Chicago

In the last 12 months, 6 eight-bedroom multi families similar to 7422 S Blackstone Ave, have been sold.

This represents a 29% increase in eight-bedroom multi families sales when compared to the previous 12 months.

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