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33161311
33161312

7257 S Princeton Avenue, Chicago, IL 60621

CP
IL 471021245
Taty Management LLC
Listed by Taty Management LLC
$860,000
29 days on market
Updated 22 days ago
Opportunity zone

7257 S Princeton Avenue Multifamily Investment

Details
APN 20282100160000
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Units 12
Cap Rate 9.97%
NOI $85,760
Occupancy 100%
Class C
Year Built 1921
Stories 3
Acreage 0.170
Zoning RT-4

12-unit Multifamily Investment

Marketing description

A charming twelve-unit walk-up building situated in the Grand Crossing neighborhood on Chicago's South Side. 7257 S. Princeton offers an exceptional unit mix, comprising of two and three-bedroom apartments. With six (6) 2b/1ba units and six (6) 3b/1ba units. The building provides spacious living spaces that have been meticulously maintained by Taty Management, LLC The beautiful hardwood flooring is throughout each unit with gorgeous balconies, that provide residents with a private outdoor area. Noteworthy recent improvements have been made to the property, including a newer boiler, updated hot water storage tanks, modernized copper plumbing, upgraded windows, and newly constructed porches that meet code requirements. These enhancements ensure that 7257 S. Princeton stands as a stable and robust investment, generating consistent cash flow. 7257 S. Princeton represents a rare chance to acquire a well-established income-generating asset and a solid investment opportunity.

Investment highlights

Investment Highlights

HIGHLIGHTS

• High-yield investment with a 9.97% in-place cap rate

• Strong in-place cash ow with $82,160 NOI

• Below-market rents, approximately 10–12% achievable upside through gradual

rent adjustments over time.

IMPROVEMENTS

Newer boiler, updated hot water storage tanks, modernized copper plumbing,

upgraded windows, and newly constructed porches that meet current code

requirements.

OPERATIONAL VALUE-ADD OPPORTUNITY

The property is currently operating below market rents, presenting a clear

opportunity for revenue growth.

A gradual, unit-by-unit rent increase strategy

aligned with lease expirations allows for steady income growth while maintaining

stable occupancy.

CURRENT VS. MARKET RENTS

Average Current Rent: ~$1,100/unit

Estimated Market Rent: $1,250–$1,400/unit

Total Upside: ~20–27% (realized over time)

UPSIDE STRATEGY

Increase rents gradually through natural lease turnover, maintaining occupancy

and minimizing tenant disruption.

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Listing Contacts

CP
IL 471021245
Taty Management LLC
Listed by Taty Management LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,760.00
$7,146.67/mo

Valuation Metrics

0
DSCR
9.97%
Cap Rate
9.97%
ROI

Map

Zoning

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RT-4 ResidentialMulti FamilyResidential Two Flat Townhouse And Multi Unit District
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Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Calin Paunescu
License
471021245
Brokerage
Taty Management llc
Brokerage Address
722 Ringland Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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