7716-18 S East End Avenue Chicago, IL $ 1,175,000
7716-18 S East End Avenue
$ 1,175,000
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7716-18 S East End Avenue

Chicago, IL, 60649
$ 1,175,000
Bedrooms1 Baths0.0

Monthly Estimate*

$ 7,235

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Multi-Family Home for sale in Chicago, IL

for $1,175,000 with 1 bedroom. This home was built in 1929 on a lot size of 0.151492.

7716-18 S. East End Avenue is a 16-unit multifamily in Chicago's South Shore neighborhood. The offering consists of a well-maintained walk-up building comprised entirely of spacious one-bedroom units, providing an efficient and highly leasable unit mix. This investment presents a clear and executable value-add opportunity to significantly increase revenue through improved management and leasing, along with strategic unit renovations to capture market rents. Approximately one-third of the units have already received cosmetic upgrades, allowing a new owner to continue a proven renovation program and drive rental growth across the remaining units. In addition to strong in-place income, the property benefits from an on-site laundry facility, offering additional revenue potential and enhanced tenant appeal. With below-market rents, a straightforward operational upside, and a desirable location near the lakefront, this asset offers investors the opportunity to quickly unlock value and generate meaningful returns in one of Chicago's most established and accessible neighborhoods.

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Multi-Family Active

Price

$ 1,175,000

Bedrooms

1

Property Type

Multi-Family

Taxes

$ 16,385

Style

Lot Size

0.151492

Year Built

1929

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12667434

Features
General
Year Built 1929
Stories Count 4
Tax Year 2024
Gross Income 214164
County Cook
Net Operating Income 95987
Operating Expense 96760
Insurance Expense 8790
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 8000
Status New
Directions Stony Island Avenue to 79th Street east to East End Avenue then north to the property.
City Chicago
Number Of Units Total 16
MLS Area CHI - South Shore
Lot Size Square Feet 6599
Tax Annual Amount 16385
Electric Expense 2056
Fuel Expense 18818
Trash Expense 7186
Water Sewer Expense 13599
Additional Parcels Y/N N
Standard Status Active
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Exterior
Lot Dimensions 6 599 SF
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* Excluded Features
List By
Essex 312, Llc

Broker

quinn.pelayo19@gmail.com; quinnevans@essex312.com

Email

Affordability Calculator

$8,600
Per Month
84%
16%
0%
Monthly Principal & Interest
$7,235
Monthly Property Taxes
$1,365
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/3/2026$1,175,000 Listed Price

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7716-18 S East End Avenue, Chicago, IL, 60649 is a Multi-Family Home for sale at $1,175,000 with a lot size of 0.151492. 7716-18 S East End Avenue has 1 bedrooms, 0.0 baths, and was built in 1929. The property's zip code is 60649 which is in Chicago, IL