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Dream Town Realty



MLS #11743503

7200 S Stony Island Avenue , Chicago IL, 60649
South Shore Multi Family 5+

Bed: - | Bath: 0 | Tax: 29007 | HOA: -

For Sale: $2,249,999


Payment Estimate: $0/month Payment Calculator

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    Triton Realty Group, LLC presents for purchase 7200-02 S. Stony Island Avenue, a 24 unit multifamily building located in Chicago's booming South Shore neighborhood. This elegant brick walk-up contains an excellent unit mix featuring twelve (12) 2 bed/1 bath and twelve (12) 1 bed/1 bath apartments. This property has received great care, maintenance, and updates to the units all while preserving its classic historic Chicago architecture. Every apartment showcases desirable open floor plans with massive square footage, large living areas, ample bedroom space, a beautiful kitchen and plenty of natural light. Other updates include condo quality finishes: stainless-steel appliances, in-unit laundry, refinished hardwood flooring, and updated bathrooms. In addition to its cosmetic updates, the building has individual and separate utilities in-unit, minimizing owner expenses. Further building improvements include, but are not limited to, updated electric, plumbing, a steel porch system, and an abundance of masonry & tuckpointing work. 7200-02 S. Stony Island Avenue presents an incredible investment opportunity to acquire a renovated building in one of Chicago's most developing and desirable neighborhoods, South Shore. From a risk-adjusted perspective, a new investor has the prospect of adding value without the significant cost of a construction renovation. By raising rents to levels already being achieved in the building, new ownership may further improve the building's income. A buyer has the rare opportunity to acquire a stabilized investment with upside potential in an appreciating location providing a solid cash-on-cash return for many years to come.

    Features and Information

    Property Information

    • List Price: $2,249,999
    • Tax: $29,007
    • Square Feet: -
    • Market Time: 74
    • Status: Contingent
    • Type: Multi Family 5+
    • Built: 1898
    • Garage Spaces: -
    • Dimensions: 75 X 175

    Property Location

    • Address: 7200 S Stony Island Avenue
    • Unit: -
    • Unit Floor Level: -
    • City/State: Chicago
    • ZIP: 60649
    • MLS Area: CHI - South Shore
    • County: Other
    • PIN #: 20262110160000


    • Heat: Central Heat/Indiv Controls
    • Air Conditioning: Window Unit/s
    • Appliances: -
    • Parking: -
    • Age: Older
    • Exterior: Brick
    • Assessments Include: -


    • Total Rooms: -
    • Bedrooms: -
    • Master Bedroom: -
    • Bathrooms: 0
    • Master Bath: -

    Based on information submitted to the MLS GRID as of 6/5/2023 3:02 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.

    Map of 7200 S Stony Island Avenue , Chicago IL, 60649
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    Listed by: Harrison Cohen - Triton Realty Group LLC
    Source: MRED as distributed by MLS GRID

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