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About the Listing 87291 - 894059
ATTENTION INVESTORS! Introducing 7304 S Union Avenue - a rare opportunity to acquire a solid 6-unit, brick property on Chicago's South Side with immediate upside and strong projected returns. This 7,900 sq. ft. building sits on a 5,000 sq. ft. lot and features classic architecture, secure gated entry, and a welcoming foyer that reflect long-term care and thoughtful updates. Three of the six units are currently occupied by long-term (month-to-month) tenants paying rents substantially below market, creating substantial upside through future rent increases. The remaining three units have been fully renovated and are move-in ready, allowing immediate leasing at market rates and strong near-term income growth. Whether you're an experienced investor seeking reliable cash flow with clear value-add potential or a new entrant looking for a manageable, high-performing asset, this property checks every box. With its durable construction, stabilized occupancy, and opportunity for income optimization, it comes with excellent cash-on-cash returns and long-term appreciation potential. Competitively priced, this is a rare chance to secure a turnkey, income-producing property with built-in upside.
Listing Highlights for 7304 S Union Ave
Status
Active
Days on Site
21
Property Type
Multi-Family
MLS ®
12500883
Year Built
1916
Total Square Footage
7,902
Lot/Acreage
0.11
County
Cook
Area
CHI - Englewood
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Gas,Radiators,Radiant
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 40x125
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $3,165
- Taxes w/Assessments: N/A
- Tax/Property ID: 20281140170000
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
7304 S Union Ave Chicago, IL 60621
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