About 7528 South Coles Avenue
7528 South Coles Avenue is a well-maintained, six-unit multifamily property located in Chicago's South Shore neighborhood-a rental-heavy market with strong occupancy fundamentals and steady tenant demand. This core asset features spacious 2-bedroom, 1-bathroom layouts averaging 900 square feet, offering both immediate cash ow and near-term upside through rent stabilization. Offered at $595,000 ($99,167 per unit), the asset delivers durable income performance with fullt occupancy. The property generates $79,344 in scheduled gross income (SGI) and $75,377 in collected gross income, supported by an average in-place rent of $1,102 compared to a market average of $1,300.
Features of 7528 South Coles Avenue
| MLS® # | 12445215 |
|---|---|
| Price | $595,000 |
| Bathrooms | 0.00 |
| Acres | 0.14 |
| Year Built | 1925 |
| Type | Commercial Sale |
| Sub-Type | Multi Family 5+ |
| Status | Active |
Community Information
| Address | 7528 South Coles Avenue |
|---|---|
| Area | CHI - South Shore |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60649 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Exterior | Brick |
|---|
Additional Information
| Days on Market | 73 |
|---|---|
| Zoning | MULTI |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Nara Advisors, Inc |
|---|---|
| Contact Info | rb@naraadvisors.com |