7716-18 South East End Avenue
- Efficient Unit Mix - All 1-bedroom units
- Value-Add Opportunity - Clear path to increase revenue through improved management, leasing, and unit renovations
- Below-Market Rents - Significant upside potential by bringing rents to market levels
- Laundry Facilities On-Site
- Near the Lakefront - Desirable location with solid long-term renter demand
Property Description
Essex has been exclusively engaged to market for sale a 16-unit multifamily property located at 7716–18 S. East End Avenue 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.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,175,000 |
| No. of Units: | 16 |
| Lot Size: | 0.15 Acres |
| Opportunity Zone: | No |
| Price per unit: | $73,438 |
| Property Website | Click Here |
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