Active
7200 S Bennett Avenue
Chicago IL, 60649
$2,530,000
Active
Multi-family
Built in 1922
Courtesy of Kiser Group Realty Inc
iser Group is pleased to exclusively present for purchase 7200 S. Bennett, a twenty-eight (28) unit building located in Chicago's historic South Shore neighborhood. Situated in a premier location in one of Chicago's most rapidly appreciating neighborhoods, the asset is ideally located just blocks away from the Obama Presidential Library, Jackson Park, and Lake Michigan. 7200 S. Bennett is comprised of twenty-five (25) 2Bd/1Ba & three (3) 1Bd/1Ba units, all of which feature spacious floorplans with hardwood floors and varying degrees of cosmetic updates. Recent improvements to the buildings include, but are not limited to, modern Weil-McLain Boiler with R&D control system, updated kitchens & baths, newer porches, and an abundance of tuckpointing & masonry work. 7200 S. Bennett provides an investor with the unique opportunity to obtain a stabilized, cash-flowing asset in one of South Sides most appreciating neighborhoods. From day one, an investor will realize an in-place cap rate of 9.27% and a cash return of just over 14%. With new projects such as the Obama Presidential Library and the Thrive Exchange development, investors can anticipate an influx of vibrancy and appreciation to the neighborhood
11975307
MLSⓇ ID
February 6, 2024
Listed
February 19, 2025
Updated
Other Property Details
Area Name
CHI - South Shore
Taxes
$31,556
Tax Frequency
Annually
Days on Market
44
Garage
No
View
No
County
Cook
Pool
No
Courtesy of Kiser Group Realty Inc, Aaron Sklar,
Listing Contact: 773-293-5000
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Taylor Dixon Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 2/19/2025. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
©2025 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.
Data last updated 11:13 PM UTC, 2/19/2025
