Kingston Suites
Multifamily | 34 Units | $58,382/unit
Marketing description
Real Realty is pleased to exclusively present this large corner courtyard building located in the heart of Chicago's South Shore neighborhood. This attractive investment opportunity features a desirable unit mix consisting of 12 studios, 13 one bedroom units, and 9 spacious two bedroom units. These fully renovated units are achieving top of the market rents on the block.
Investors will benefit from the current management that has just raised occupancy by 25% as well as fixing any deferred maintenance within the building. With the strong demand for affordable housing in the area, investors can experience steady cash flow for years to come.
Ideally situated within walking distance to Windsor Park Metra Station and CTA buses, Nearby attractions include the South Shore Cultural Center, and the picturesque Lakefront.
Investment highlights
- Prominent corner lot with excellent street visibility
- Excellent Unit Mix - Studios, One beds and Two beds
- Strong property management in-place
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