Listing provided courtesy of Essex 312, LLCMREDas Distributed by MLSGrid- MLS# 12667434MLS Provider

7716-18 S East End AvenueChicago, IL 60649

Commercial · 1 Bed
$1,175,000 Active

7716-18 S East End Avenue Overview

Time on Site:
26 days
Visits:
0

7716-18 S. East End Avenue is a 16-unit multifamily in Chicago's South Shore neighborhood. The offering consists of a well-maintained walk-up building comprised entirely of spacious one-bedroom units, providing an efficient and highly leasable unit mix. This investment presents a clear and executable value-add opportunity to significantly increase revenue through improved management and leasing, along with strategic unit renovations to capture market rents. Approximately one-third of the units have already received cosmetic upgrades, allowing a new owner to continue a proven renovation program and drive rental growth across the remaining units. In addition to strong in-place income, the property benefits from an on-site laundry facility, offering additional revenue potential and enhanced tenant appeal. With below-market rents, a straightforward operational upside, and a desirable location near the lakefront, this asset offers investors the opportunity to quickly unlock value and generate meaningful returns in one of Chicago's most established and accessible neighborhoods.

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7716-18 S East End Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 4800
  • Electric Expense: 2056
  • Fuel Expense: 18818
  • Gross Income: 214164
  • Insurance Expense: 8790
  • Maintenance Expense: 8000
  • Net Operating Income: 95987
  • Operating Expense: 96760
  • Trash Expense: 7186
  • Water Sewer Expense: 13599

Building Information

  • Year Built: 1929

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - South Shore

Tax Information

  • Tax Annual Amount: $16,385.00
  • Tax Year: 2024

General Information

  • Parcel Number: 20253170240000
  • Property Type: Commercial Sale

Interior

General Information

  • Stories: 4

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 6,599 SF
  • Lot Size Square Feet: 6599

General Information

  • Number Of Units Total: 16

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 16

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 0
  • Units Total: 0

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

7716-18 S East End Avenue Neighborhood

Community

60649 (Chicago) Demographics

38
Median Age
11,999
Population Density (per sq. mile)
35%
College Educated
$36,130
Estimated Median Income
5,387
Estimated Total Home Owners
16,947
Estimated Total Renters
24% / 76%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7716-18 S East End Avenue Monthly Cost

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$
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7716-18 S East End Avenue Market Data

Based on the last 30 days in this zip code

$194,506
Average List Price
$134
Average Price per Square Foot
12
Properties Sold
66
Average Days on Market
134
Properties for Sale
Calculations provided by Reliance Network

7716-18 S East End Avenue History

Date Event Value Agent
6/8/2026Source: MRED Status Change
Active
6/3/2026Source: MRED Added to Database
June 03, 2026