7356 S Eberhart Avenue
Chicago, IL 60617

Tools & Resources:

Description

Exceptional corner brick 6-unit investment opportunity in a strong rental area. This fully occupied building features updated mechanicals, including conversion from radiator heat to forced air and a newer hot water tank. The property offers multiple basement areas, providing additional storage or value-add potential. Exterior improvements include an updated rear porch and a parking pad for tenant convenience. Solid structure with classic brick construction and stable tenancy in place. Significant upside through rental increases, unit updates, and operational improvements. Ideal for investors seeking immediate cash flow with long-term appreciation and value-add potential.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60617
• Year Built: 1920
• Stories: 2
• Units: 6 units
• Basement: Unfinished
• Fireplace: 6
• Lot Size: 6098 sq ft lot
• Zoning: MULTI
• # Of Ranges: 6
• # Of Refrigs: 6
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Directions: East or West on 75th Street to Eberhart North to property
• Electric: Circuit Breakers
• Electric Expense: 365
• Electric Expense Source: Actual
• Expense Year: 2025
• Fire Protection: Smoke or Fire Protectors
• Foundation Details: Concrete Perimeter
• Fuel Expense: 3629
• Fuel Expense Source: Actual
• Gross Income: 73200
• Gross Rent Multiplier: 6.83
• Gross Scheduled Income: 43498
• Heat/Ventilation: Radiators
• Information: 48-Hr Notice Required, No Sign on Property
• Insurance Expense: 7451
• Insurance Expense Source: Actual
• Janitor Expense: 04936
• Land Amenities: Sidewalks
• Main Type: Commercial Sale
• Manager Expense: 3309
• Manager Expense Source: AC
• Operating Expense: 29702
• Outdoor Parking: 1-5 Spaces
• Repairs-Decor Expense Source: Actual
• Roof Structure: Flat
• Tax Annual Amount: 7795.19
• Tax Year: 2024
• Tenant Pays: Electricity
• Total Annual Expense Source: Combination
• Total Monthly Income: 3625
• Township: Hyde Park
• Trash Expense: 2400
• Trash Expense Source: Actual
• Type Multi-Family: Corridor-Interior Entrance
• Water Expense Source: Actual
• Water Sewer Expense: 1300