7701 S Eggleston Avenue
Chicago, IL 60620

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Description

9-Unit All-Brick Cash Cow Located on a Quiet Block in Chicago's Hidden Gem - Winneconna Parkway! Check Out This incredible Investment Opportunity Located in One of Chicago's Most Unique & Desirable Residential Enclaves! Situated in Historic Winneconna Parkway, This All-Brick 9-Unit Building Offers Both Strong Current Cash Flow and Major Upside Potential! Featuring Six (2 Bed / 1 Bath) Units and Three (1 Bed / 1 Bath) Units - Totaling 15 Bedrooms and 9 Bathrooms! Fully Rented w/ All Cash Tenants on Month-to-Month Leases! Below-Market Rents w/ the Ability to Increase $100-$300 Per Month Per Unit, Significantly Boosting NOI! Most Units Have Gorgeous Hardwood Floors and Separate Living & Dining Rooms! Boiler System Under 8 Years Old - Reducing Near-Term Maintenance Costs! All Units Include Stoves & Refrigerators. Large Building w/ 6528 sq ft & Multiple Basements. Beyond the Numbers, This Building is Located in the Winneconna Parkway / Auburn Park Area, a True Hidden Treasure in One of the Nicest Residential Blocks in All of Chicago. Developed in the Late 1800s on Land Once Owned by Chicago's First Mayor, William B. Ogden, the Area is Known for its Serene Lagoons, Charming Bridges & Historic Architecture! This is More Than Just an Apartment Building-it's an Opportunity to Own Property in a Historically Rich & Highly Promising Area of Chicago. New Metra Auburn Park Station, Located Near Winneconna Parkway and 79th Street, is Scheduled to Open in 2026! The 79th Street Corridor Plan is Set to Completely Revitalize and Transform the Area w/ a Vibrant Mix of New Uses! Don't Miss Out on This Rare 9-Unit Money Maker w/ Massive Upside Potential!

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60620
• Year Built: 1924
• Sq.Ft.: 6,528 sq ft
• Stories: 3
• Units: 9 units
• Lot Size: 5227 sq ft lot
• Zoning: MULTI
• # Of Ranges: 9
• # Of Refrigs: 9
• Approximate Age: Older
• Building Area Total: 6528
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Directions: 76st street to Eggleston South to property
• Electric: Circuit Breakers
• Electric Expense: 554
• Electric Expense Source: Actual
• Expense Year: 2025
• Foundation Details: Concrete Perimeter
• Fuel Expense: 9744
• Fuel Expense Source: Actual
• Gross Income: 97200
• Gross Rent Multiplier: 4.52
• Gross Scheduled Income: 97200
• Heat/Ventilation: Gas, Hot Water, Radiators, Radiant
• Information: List Broker Must Accompany
• Insurance Expense: 5088
• Insurance Expense Source: Actual
• Land Amenities: Curbs and Gutters, Sidewalks
• Location: Park Adjacent, Water View
• Lot Size Square Feet: 5187
• Main Type: Commercial Sale
• Maintenance Expense: 1380
• Operating Expense: 34804
• Other Expense Source: Actual
• Ownership Type: Limited Liability Corp
• Repairs-Decor Expense Source: Actual
• Tax Annual Amount: 11906
• Tax Year: 2023
• Tenant Pays: Electricity, Other
• Total Annual Expense Source: Actual
• Total Monthly Income: 8100
• Township: Lake
• Trash Expense: 2880
• Trash Expense Source: Actual
• Type Multi-Family: Flats
• Water Expense Source: Actual
• Water Sewer Expense: 3252