7304 S Union Avenue, Chicago, IL 60621

• 7,902 sqft

Property Description

Discover an exceptional investment opportunity in Chicago's South Side - a meticulously maintained 6-unit brick property at 7304 S Union. This updated, character-filled building showcases timeless curb appeal, secure gated entry, and a welcoming foyer. Three of the six units are currently occupied by long-term (month-to-month) tenants paying rents substantially below market, creating substantial upside through future rent adjustments. The remaining three units have been fully renovated and are move-in ready, allowing immediate leasing at market rates and strong near-term income growth. Whether you're an experienced investor seeking reliable cash flow with clear value-add potential or a new entrant looking for a manageable, high-performing asset, this property checks every box. With its durable construction, stabilized occupancy, and opportunity for income optimization, it comes with excellent cash-on-cash returns and long-term appreciation potential. Competitively priced, this is a rare chance to secure a turnkey, income-producing property with built-in upside.

Listing Status:

Active

Listing Office:

Compass : 847-828-3534

Listing Agent:

Christopher Sweitzer : 847-828-3534

MLS ID:

12500883

Interior

• Basement: Unfinished
• A/C: Window Unit(s)

Location

• Originating MLS: mred
• County: Cook

Lot

• Zoning: 20281140170000

Utilities

• Utilities: Circuit Breakers

Financial

• Source: mred

This listing courtesy of Christopher Sweitzer, Compass