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$674,500 Just Listed
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Property Description
Prime Value-Add investment opportunity in nice South Shore neighborhood. 6-unit m/u property, comprised of (4) 2 Bedroom/1Bath Units and (2) 3 Bedroom/1 Bath units. (Being offered as discounted package with adjacent 6-unit identical building. MLS#12499606) 6-unit brick building, with center entrances front and back, with rear parking. Each unit with large bright living room, 2 or 3 full bedrooms, dining/family room, and separate kitchen with pantry and leading to back enclosed porch. Over half of the apartments have been completely remodeled to leverage higher market rents. New owner can complete rehab of additional units and leverage appreciation of market rents, or easily convert all remaining 2 bedrooms into 3 bedrooms. The opportunity is here to step into cash flow on day one and to also improve overall performance through leasing and management. Conveniently located a short distance from public transportation, including Metra, beautiful Lake Michigan, and surrounded by numerous grocery stores and shops. This multifamily opportunity offers immediate value-add potential from the moment of acquisition.
Full Property Details
Full Property Details for 7833 S Kingston Ave
General
- Price: $674,500
- Taxes: $5,081 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12547151
- Updated: 1/14/2026
- Added to Site: 3 day(s) ago
Interior
- Basement: Unfinished
Location
- Area: CHI - South Shore
- County: Cook
- Township: Hyde Park
- Driving Directions: From 79th head west to Kingston and make a right
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Utilities
- Trash: 239
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished
- Foundation: Brick/Mortar, Concrete Perimeter
- Stories/Levels: 3
- Square Feet: 14,880
- Current Bldg. Use: Multi-Family
- Year Built: 1924
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 2
Lot Features
- Lot Size (Acres): 0.17
- Lot Dimensions: 14880
- Frontage: City Street
- Potential Use: Condominium
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $2,275
- Operating Expenses: $39,848
- Assessment Year: 1924
- Tax Amount: $5,081
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Electricity, Heat
- Pays Electric: 350
- Pays Trash: 239
Disclosures and Reports
- Property ID: 21303280070000
Listed by Keller Williams ONEChicago
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Schools
Schools serving 7833 S Kingston Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Bradwell Community Arts & Sci Elementary School 7736 South Burnham Avenue, Chicago, IL 60649 | K-8 | 0.3 mi |
South Shore Intl Col Prep High School 1955 East 75th Street, Chicago, IL 60649 | 12- | 0.8 mi |
Chicago Vocational Career Academy High School 2100 East 87th Street, Chicago, IL 60617 | 9-11 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7833 S Kingston Ave
Date
Details
Price
Change
Source
1/14/2026
Listed
$674,500
-10.07%
MLS
11/23/2021
Sold
$750,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7833 S Kingston Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,082
3%
$24,000
—
2022
$4,936
2%
$24,000
—
2021
$4,826
23%
$24,000
36%
2020
$3,935
-2%
$17,666
-12%
2019
$4,034
2%
$20,076
—
2018
$3,966
-26%
$20,076
-20%
2017
$5,392
5%
$25,048
-3%
2016
$5,158
9%
$25,751
—
2015
$4,719
-9%
$25,751
-8%
2014
$5,212
2%
$28,092
—
2013
$5,109
1%
$28,092
—
2012
$5,041
—
$28,092
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7833 S Kingston Ave
7833 S Kingston Avenue, Chicago, IL 60649 (MLS# 12547151) is a Commercial property. 7833 S Kingston Avenue is currently listed for $674,500 and was received on January 14, 2026. Want to learn more about 7833 S Kingston Avenue? Do you have questions about finding other Commercial real estate for sale in South Shore? You can browse all South Shore real estate or contact a Coldwell Banker agent to request more information.

