1502-1510 E 74th St

1502-1510 E 74th St, Chicago, IL 60619

  • For Sale $950,000
  • Property Type Multi-Family
  • Property Size 10,700 SF
  • Units 12
  • Additional Rent Contact for pricing
  • Date Updated Oct 15, 2024
1502-1510 E 74th St is located in Chicago's vibrant South Shore neighborhood, nestled along the city's southern lakefront. Known for its rich cultural offerings, stunning architecture, and proximity to Lake Michigan, South Shore offers residents a unique blend of urban amenities and natural beauty. Once a bustling resort destination, South Shore retains its charm with a pristine stretch of lakefront, including one of the city's largest beaches at Rainbow Beach Park. Beyond the waterfront, residents can explore cultural gems like the Stony Island Arts Bank, the Bronzeville Children's Museum, and the historic South Shore Cultural Center. Architecture enthusiasts will marvel at the diverse residential styles found in Jackson Park Highlands, including a notable Prairie-style home designed by Frank Lloyd Wright's protege. Meanwhile, foodies can indulge in a culinary journey through South Shore's eclectic dining scene, featuring everything from soulful vegan cuisine at Majani to Caribbean-inspired fare at 14 Parish. With easy access to Downtown Chicago via Lake Shore Drive and public transit options like the CTA buses and Metra railway, South Shore offers the perfect balance of urban convenience and lakeside tranquility. Whether you're lounging on the beach, exploring cultural landmarks, or savoring a delicious meal, South Shore invites you to experience the best of Chicago living.33 Realty proudly presents an exclusive opportunity at 1502-1510 E 74th St in the Chicago South Shore neighborhood. This distinguished 10,700 SF multi-family mid-rise property presents twelve well-appointed apartment units at the corner of 74th St and Blackstone Ave. The property includes 11 one-bedroom, one-bathroom units; and 1 studio, one-bathroom units, each showcasing the timeless charm of classic Chicago design. Significant upgrades have been made to the property, including a new roof installed in 2016, upgraded windows with sleek aluminum frames, and modernized bathrooms. Tenants enjoy the benefit of landlord-paid heat and convenient coin-operated laundry facilities in the basement. The building is fully occupied with tenants on average three-year leases, reflecting strong demand. This investment opportunity offers a stable 12-unit property with attractive cash flows for multi-family investors. Positioned for strong returns, 1502-1510 E 74th St. boasts enticing amenities and consistent occupancy levels.

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Attachments

Highlights

  • Ability to raise rents by 16%
  • Resides in the South Shore Neighborhood
  • Within 45 minutes to Midway Airport
  • Minutes to Lakeshore Drive, I-94, and I-90
  • New roof layer in 2016
  • Two washers & two dryers coin operated
  • Apartment mix of studio and 1 bed's
  • 40 amp service
  • Renovated bathrooms
  • Boiler System
  • On the corner of E 74th and S Blackstone Ave

Contacts

broker

Brian Mond

33 Realty

Location

Getting Around

  • Walk Score ®

    82/100 Very Walkable
  • Transit Score ®

    68/100 Good Transit
  • Bike Score ®

    66/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Greater Grand Crossing
  • Zip Code 60619
  • Market Chicago

Points of Interest

  • Stony Island

    0.37 miles

  • South Shore

    1.20 miles

  • 63rd Street

    1.31 miles

  • Windsor Park

    1.48 miles

  • 83rd Street

    2.17 miles

  • 55th-56th-57th Street

    2.21 miles

  • 87th Street

    2.57 miles

  • 51st-53rd Street (Hyde Park)

    2.82 miles

  • Garfield

    2.83 miles

  • South Chicago (93rd Street)

    3.11 miles

  • BP

    0.14 miles

  • 2001

    0.38 miles

  • Shell

    0.50 miles

  • Midwest

    0.58 miles

  • Citgo

    0.68 miles

  • Fuel Star

    0.69 miles

  • Amstar

    0.94 miles

  • Falcon Fuel

    1.02 miles

  • ChargePoint

    1.87 miles

  • Tesla Supercharger

    4.69 miles

  • Trailer Parking

    1.49 miles

  • Dorchester Parking Lot

    1.69 miles

  • Kimbark South Parking Garage

    1.70 miles

  • Chapin Hall Parking Lot

    1.72 miles

  • Campus South Parking

    1.87 miles

  • Lexington Parking Lot

    1.99 miles

  • Parking/Materials Management

    2.10 miles

  • Medical Campus Parking Garage A

    2.17 miles

  • 83rd Street Metra Park & Ride

    2.17 miles

  • Medical Campus Parking Garage B

    2.33 miles

  • Empire Motel

    0.92 miles

  • South Shore Motel

    0.94 miles

  • East of the Ryan

    0.96 miles

  • Best Motel

    1.73 miles

  • The Study at the University of Chicago

    1.76 miles

  • Skyway Motel

    2.23 miles

  • Stony Island Motel

    2.31 miles

  • Admiral Motel

    2.38 miles

  • Sophy Hotel

    2.67 miles

  • Hyatt Place Chicago-South/University Medical Center

    2.73 miles

  • The Foodie’s Spot

    0.08 miles

  • Harold's Chicken Shack

    0.08 miles

  • Popeyes

    0.13 miles

  • Vegan Now 2 Go

    0.14 miles

  • KFC

    0.17 miles

  • Chuckies Grill

    0.20 miles

  • Burger King

    0.21 miles

  • Church's Chicken

    0.35 miles

  • Dunkin'

    0.47 miles

  • Shark's Fish and Chicken

    0.49 miles

  • James Madison Elementary School

    0.12 miles

  • Clara Muhammad Elementary School

    0.19 miles

  • Saint Paul Evangelical Lutheran School

    0.33 miles

  • Harriet C Harris Private School

    0.39 miles

  • South Shore Fine Arts Academy

    0.42 miles

  • Children's Developmental Institute

    0.44 miles

  • Former South Shore High School

    0.56 miles

  • Parkside Community Academy

    0.61 miles

  • South Shore International College Preparatory High School

    0.62 miles

  • Edward A. Bouchet Math & Science Academy

    0.65 miles

  • DJ Brooks Child Development Center

    0.60 miles

  • Kenyatta's Day Care and Learning Center

    1.08 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    1.22 miles

  • Shiloh Nursery

    1.81 miles

  • Child's World Academic Inc.

    1.84 miles

  • UChicago Child Development Center - Drexel

    2.36 miles

  • Shining Star Child Development

    2.96 miles

  • Mari's Bumble Bee Academy

    3.51 miles

  • Restoring the Seed Childcare

    3.66 miles

  • Childrens Hour Pre-School Center

    3.92 miles

Frequently Asked Questions

How much does 1502-1510 E 74th St cost?

The space currently listed for sale at 1502-1510 E 74th St asks for $950,000.

What is the total square footage of 1502-1510 E 74th St?

1502-1510 E 74th St totals 10,700 square feet.

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Contact Listing Broker

broker

Brian Mond

33 Realty