Essex Realty Group Inc. is happy to announce the sale of 7748 S. Kingston Ave, a 34 unit Multi-Family building located in the prime South Shore neighborhood of Chicago. The building contains ten (10) large studio apartments, fifteen (15) one-bedroom apartments and nine (9) two-bedroom apartments. The option to expand the studio and one-bedroom units into larger apartments is most ideal, therefore generating higher rental income. 7748 S. Kingston Avenue has undergone extensive capital improvements in 2015-2016.
South Shore has been recently selected amongst a few other neighborhoods in the City's INVEST South/West initiative. Backed by Mayor Lightfoot, the City will align more than $750 million in public funding over the next three years, while seeking to maximize those public investments in order to attract significant additional private and philanthropic capital, respond to changing commercial trends, and enrich local culture.

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• Value Add Opportunity under market rents
• New Boiler 2016
• New water heater 2015
• All Units renovated 2015