7701 South Eggleston, Chicago IL 60620
Property Description
***Open Houses on Saturday October 18th, 2025 from 10AM - 4PM & Sunday October 19th, 2025 from 12PM-4PM*** 9-Unit All-Brick Cash Cow Located on a Quiet Block in Chicago's Hidden Gem - Winneconna Parkway! Cap Rate: 14.4% | Cash-on-Cash Return: 32.5% - Nearly Impossible to Find Anywhere! Check Out This incredible Investment Opportunity Located in One of Chicago's Most Unique & Desirable Residential Enclaves! Situated in Historic Winneconna Parkway, This All-Brick 9-Unit Building Offers Both Strong Current Cash Flow and Major Upside Potential! Featuring Six (2 Bed / 1 Bath) Units and Three (1 Bed / 1 Bath) Units - Totaling 15 Bedrooms and 9 Bathrooms! 8 of 9 Units are Currently Rented w/ All Cash Tenants on Month-to-Month Leases! Below-Market Rents w/ the Ability to Increase $100-$300 Per Month Per Unit, Significantly Boosting NOI! Most Units Have Gorgeous Hardwood Floors and Separate Living & Dining Rooms! Boiler System Under 8 Years Old - Reducing Near-Term Maintenance Costs! All Units Include Stoves & Refrigerators. Large Building w/ 6528 sq ft & Multiple Basements. Beyond the Numbers, This Building is Located in the Winneconna Parkway / Auburn Park Area, a True Hidden Treasure in One of the Nicest Residential Blocks in All of Chicago. Developed in the Late 1800s on Land Once Owned by Chicago's First Mayor, William B. Ogden, the Area is Known for its Serene Lagoons, Charming Bridges & Historic Architecture! This is More Than Just an Apartment Building-it's an Opportunity to Own Property in a Historically Rich & Highly Promising Area of Chicago. New Metra Auburn Park Station, Located Near Winneconna Parkway and 79th Street, is Scheduled to Open in 2026! The 79th Street Corridor Plan is Set to Completely Revitalize and Transform the Area w/ a Vibrant Mix of New Uses! Don't Miss Out on This Rare 9-Unit Money Maker w/ Massive Upside Potential! To Access All Units, Only Weekend Showings Are Available - Schedule Your Showing Today! ***Open Houses on Saturday October 18th, 2025 from 10AM - 4PM & Sunday October 19th, 2025 from 12PM-4PM***
Features & Information
Key Details
- List Price $400,000
- Property Taxes $11,906
- Price/ Sq. Ft. Unavailable
- Year Built 1924
- Status Active
Building Information
- Age of Building Older
- Exterior Construction Brick
- Foundation Concrete
- Heating & Cooling Gas, Hot Water, Radiators, Radiant
Location
- County Cook
- Directions to Property 76st Street To Eggleston South To Property
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Property Taxes
- Tax 11906
- Parcel Identification Number 20283200010000
Listed by: eXp Realty - Chicago North Ave | Phone: 888.574.9405
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/17/2025 12:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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