7400 S. Artesian Avenue

7400 S. Artesian Avenue, Chicago, IL 60629

  • For Sale $700,000
  • Property Type Multi-Family
  • Property Size 7,400 SF
  • Units 10
  • Additional Rent Contact for pricing
  • Date Updated Sep 3, 2024
10 Units | Marquette ParkKiser Group is pleased to exclusively offer for purchase 7400 S. Artesian Ave, a ten (10) unit property in Chicago’s Marquette Park Neighborhood. The building is comprised of comprised of six (6) 1Bd/1Ba and four (4) 2Bd/1Ba units. The property is ideally situated in a residential pocket close to popular retail attractions off of Western Ave. Plus, nearby bus stations provide tenants quick and easy transit around Chicago’s Southwest Neighborhoods. 7400 S. Artesian Ave has seen multiple capex improvements under current ownership. Newer windows and well-maintained porches give the building a solid exterior appearance. Additionally, there are 12 on-site parking spots. On the interior, there is a new boiler and in-unit breakers. Overall, the building is extremely clean and well-maintained, providing current tenants with an ideal living situation. 7900 S. Sacramento Ave presents an investor with a rare opportunity to acquire a well-maintained building with attainable market rents. Through improved leasing and raising rents accordingly, a new owner could reach a cap rate of 12.61% and a cash return almost 28%.

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Highlights

  • In-Place Cap Rate of 8.41%
  • Newer Boiler (2022) & Windows
  • In-Unit Breakers
  • Well-Maintained Exterior (Masonry, Porches)
  • Twelve (12) On-Site Parking Spots
  • Significant Rental Upside
  • Quiet Neighborhood Surrounded by Single Family Homes

Contacts

broker

John George

Kiser Group

Location

Getting Around

  • Walk Score ®

    57/100 Somewhat Walkable

  • Transit Score ®

    63/100 Good Transit

  • Bike Score ®

    41/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Marquette Park
  • Zip Code 60629
  • Market Chicago

Points of Interest

  • Ashburn

    1.94 miles

  • Brainerd

    2.29 miles

  • Halsted

    2.48 miles

  • Gresham

    2.58 miles

  • Western

    3.15 miles

  • 99th Street (Beverly Hills)

    3.27 miles

  • Pulaski

    3.49 miles

  • 103rd Street (Beverly Hills)

    3.75 miles

  • King Drive

    3.84 miles

  • 95th/Dan Ryan

    4.04 miles

  • Mobil

    0.25 miles

  • Marathon

    0.60 miles

  • Midwest

    0.69 miles

  • Citgo

    0.87 miles

  • Shell

    0.91 miles

  • Citgo

    1.03 miles

  • Marathon

    1.06 miles

  • BP

    1.17 miles

  • Food 4 Less

    1.19 miles

  • Shell

    1.24 miles

  • Ashland/63rd Park & Ride

    1.71 miles

  • Western Park & Ride

    3.12 miles

  • Midway Airport Cell Phone Lot

    3.29 miles

  • Midway Airport Cell Phone Lot

    3.33 miles

  • Midway Park & Ride

    3.35 miles

  • Kedzie Park & Ride

    3.36 miles

  • Midway Airport Parking Garage

    3.50 miles

  • Pulaski Park & Ride

    3.53 miles

  • Limo Staging Area

    3.67 miles

  • Lot 5

    3.69 miles

  • New Budget Motel

    2.22 miles

  • Holiday Inn LXG Midway Airport

    2.92 miles

  • Saratoga Motel

    2.96 miles

  • Beverly Motel & Suites

    3.07 miles

  • Sleep Inn Midway Airport

    3.12 miles

  • Best Western Inn & Suites - Midway Airport

    3.16 miles

  • Extended Stay America - Chicago Midway

    3.16 miles

  • Hampton Inn & Suites Chicago Midway Airport

    3.17 miles

  • Fairfield Inn & Suites Chicago Midway Airport

    3.18 miles

  • Holiday Inn Express Chicago Midway Airport

    3.20 miles

  • Popeyes

    0.16 miles

  • Western Tacos

    0.30 miles

  • Wendy's

    0.47 miles

  • McDonald's

    0.55 miles

  • Shark's Fish & Chicken

    0.56 miles

  • White Castle

    0.63 miles

  • Taco Bell

    0.65 miles

  • Church's Chicken

    0.67 miles

  • Subway

    0.67 miles

  • Dunkin'

    0.68 miles

  • Chicago Truck Driving School

    0.22 miles

  • Asa Philip Randolph Elementary School

    0.40 miles

  • Southside Occupational Academy High School

    0.43 miles

  • St. Rita of Cascia High School

    0.45 miles

  • Saint Adrian School

    0.51 miles

  • McKay Elementary School

    0.67 miles

  • Clara Barton Elementary School

    0.74 miles

  • Nativity School

    0.79 miles

  • Carroll-Rosenwald Elementary School

    0.80 miles

  • Maria High School

    0.89 miles

  • Daycare

    3.54 miles

  • Brighton Park Early Learning Center

    4.02 miles

  • UChicago Child Development Center - Drexel

    4.75 miles

  • DJ Brooks Child Development Center

    5.15 miles

  • Me & You Learning Academy

    5.27 miles

  • Peter Cottontail Day Nursery

    5.77 miles

  • Kenyatta's Day Care and Learning Center

    6.05 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    6.19 miles

  • Shining Star Child Development

    7.23 miles

  • Council Oak Montessori School

    7.27 miles

Frequently Asked Questions

How much does 7400 S. Artesian Avenue cost?

The space currently listed for sale at 7400 S. Artesian Avenue asks for $700,000.

What is the total square footage of 7400 S. Artesian Avenue?

7400 S. Artesian Avenue totals 7,400 square feet.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

John George

Kiser Group