7304 S Union AVE Chicago, IL 60621

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 7,902 sqft

Price per Sqft $56

MLS Listing ID 12533000

Year Built 1916

Annual Tax Amount $3,164

Tax Year 2023

Lot Size 5,227 Sqft

Lot Dimensions 40x125

Property Sub-Type Multi Family 5+

Property Description

ATTENTION INVESTORS - 16.7 CAP, 4.5GRM! 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.

Location

State IL

County Cook

Area Chi - Englewood

Rooms

Basement Unfinished

Interior

Cooling Window Unit(s)

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick

Listed by Christopher Sweitzer of Compass

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106