7542 S. Kingston Ave

7542 S. Kingston Ave, Chicago, IL 60649

  • For Sale $550,000
  • Property Type Multi-Family
  • Property Size 10,800 SF
  • Units 6
  • Date Updated Apr 3, 2025
6 Units | South ShoreKiser Group is pleased to exclusively offer for purchase 7542 S. Kingston, a rarely available six (6) unit walkup located in Chicago’s South Shore neighborhood. The asset is ideally situated just blocks from Lake Michigan and Rainbow Beach Park. Additionally, for quick and convenient transportation, the asset is nearby to Chicago’s Lake Shore Drive which provides tenants easy access to Chicago’s downtown in roughly fifteen minutes. 7542 S. Kingston is currently comprised of six (6) oversized 3b/2ba units. All units feature incredibly spacious layouts with updated kitchens and baths. Throughout the years, the building has undergone extensive renovations consisting of, but not limited to: 100% copper plumbing, new electric service w/ in-unit breaker boxes, individual furnaces & hot water tanks, in-unit washers and dryers, and an abundance of cosmetic updates. 7542 S. Kingston presents an investor with a unique opportunity to acquire a strong, positive cash-flowing building with an in-place cap rate of 9.00% and a cash return of 13%. Given the quality of the units coupled with the prime location, by releasing and increasing rents to levels already being achieved in the building, an investor could increase the cap rate to over 11% and a cash return of 22.34%.
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Highlights

  • Six (6) 3Bd/2Ba Units
  • Spacious Layouts
  • Prime South Shore Location
  • New boiler (2023)

Contacts

broker
Noah Birk

Kiser Group

Location

Getting Around

  • Walk Score ®

    73/100 Very Walkable

  • Transit Score ®

    69/100 Good Transit

  • Bike Score ®

    56/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood South Shore
  • Zip Code 60649
  • Market Chicago

Points of Interest

  • Windsor Park

    0.19 miles

  • South Shore

    0.53 miles

  • 83rd Street

    1.05 miles

  • Stony Island

    1.40 miles

  • 87th Street

    1.54 miles

  • 63rd Street

    2.08 miles

  • South Chicago (93rd Street)

    2.25 miles

  • 55th-56th-57th Street

    2.73 miles

  • 51st-53rd Street (Hyde Park)

    3.27 miles

  • Garfield

    3.84 miles

  • Amstar

    0.22 miles

  • GoLo

    0.25 miles

  • Citgo

    0.47 miles

  • All Star

    0.49 miles

  • Fuel Star

    0.66 miles

  • Midwest

    0.73 miles

  • BP

    1.22 miles

  • Mobil

    1.28 miles

  • ChargePoint

    2.85 miles

  • Tesla Supercharger

    4.85 miles

  • 83rd Street Metra Park & Ride

    1.06 miles

  • Trailer Parking

    1.69 miles

  • 93rd St. (South Chicago) Station Parking Lot

    2.36 miles

  • Dorchester Parking Lot

    2.37 miles

  • Chapin Hall Parking Lot

    2.44 miles

  • Kimbark South Parking Garage

    2.48 miles

  • Lexington Parking Lot

    2.78 miles

  • Campus South Parking

    2.85 miles

  • Parking/Materials Management

    3.04 miles

  • Medical Campus Parking Garage A

    3.09 miles

  • South Shore Motel

    1.35 miles

  • East of the Ryan

    2.06 miles

  • Empire Motel

    2.16 miles

  • Skyway Motel

    2.34 miles

  • Stony Island Motel

    2.38 miles

  • The Study at the University of Chicago

    2.54 miles

  • Admiral Motel

    2.95 miles

  • Best Motel

    2.96 miles

  • Hyatt Place Chicago-South/University Medical Center

    3.21 miles

  • Sophy Hotel

    3.22 miles

  • Imani's Original

    0.15 miles

  • L&G Restaurant

    0.16 miles

  • Rainbow Beach Sub Shop

    0.17 miles

  • Taste Jamaica

    0.22 miles

  • Big Sharks

    0.25 miles

  • McDonald's

    0.46 miles

  • Kennedy Fish and Chicken

    0.47 miles

  • Majani

    0.48 miles

  • Ming's Chop Suey

    0.58 miles

  • Hoagy House

    0.58 miles

  • Bradwell Elementary School

    0.34 miles

  • Excel Academy of South Shore

    0.35 miles

  • Adam Clayton Powell, Jr. Paideia Academy

    0.39 miles

  • Saint Bride's School

    0.55 miles

  • Robert A. Black Magnet Elementary School

    0.56 miles

  • Second Chance Tutoring

    0.57 miles

  • Edward A. Bouchet Math & Science Academy

    0.70 miles

  • South Shore International College Preparatory High School

    0.70 miles

  • Saint Phillip Neri School

    0.72 miles

  • Our Lady of Peace School

    0.74 miles

  • Kenyatta's Day Care and Learning Center

    0.24 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    0.42 miles

  • DJ Brooks Child Development Center

    1.41 miles

  • Shining Star Child Development

    2.13 miles

  • Restoring the Seed Childcare

    2.73 miles

  • Mari's Bumble Bee Academy

    2.80 miles

  • Shiloh Nursery

    3.12 miles

  • Child's World Academic Inc.

    3.12 miles

  • UChicago Child Development Center - Drexel

    3.21 miles

  • Childrens Hour Pre-School Center

    5.22 miles

Frequently Asked Questions

How much does 7542 S. Kingston Ave cost?

The space currently listed for sale at 7542 S. Kingston Ave asks for $550,000.

What is the total square footage of 7542 S. Kingston Ave?

7542 S. Kingston Ave totals 10,800 square feet.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Noah Birk

Kiser Group

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