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7200 S Vincennes Avenue, Chicago
$349,999
12649787 MLS
ENTIRE BLOCK opportunity in Chicago's Vincennes Village. 24-unit multifamily complex with a stamped architectural pricing set already in hand. Four contiguous four-story masonry buildings address 7200-7206 S Vincennes Ave and 7203-7205 S Wentworth Ave, with onsite manager's office and an interior community courtyard. Current configuration is 24 units (12 two-bedroom/one-bath and 12 one-bedroom/one-bath), six units per building. Zoned C1-2. The buyer steps into a fully designed, fully scoped rehab - not a guess. The complete architectural pricing set (dated 04/24/2026, Michael Office of Architecture) reconfigures the property to 26 units by adding new basement units and converting select upper-floor one-bedrooms into two-bedrooms. The sale includes the entire block - buildings plus the contiguous vacant parcel to the south. Drawings convert that south parcel into a 24-stall striped parking lot with new storm water system, masonry trash enclosure, landscaping, wrought iron fencing, and a 12' remote sliding gate. Extensive rehab needed across all four buildings - masonry restoration, structural repairs, full window/door replacement, complete MEP (all-electric base bid with gas alternates priced), and full interior finishes spec'd as contractor-grade for-rent. Protective canopies and secure entries are already in place. The property sits in a designated Qualified Opportunity Zone (60621). Investors rolling capital gains into a Qualified Opportunity Fund that acquires and substantially improves this asset can defer the original gain and eliminate federal tax on all appreciation if the QOF interest is held 10+ years. A heavy rehab basis clears the substantial-improvement test cleanly, and a stabilized multifamily reposition lines up with the 10-year hold horizon - materially better after-tax IRR than a non-OZ comparable for HNW investors carrying a large unrealized gain. Sold as-is. Full architectural pricing set, design narrative, survey, and photos available to qualified buyers on request.

7200 S Vincennes Avenue, Chicago

7002 S Stewart Avenue, Chicago
$1,260,000
12643228 MLS
Real Realty is pleased to present for sale the Stewart Suites located in Chicago's Englewood neighborhood. This opportunity presents an investor to acquire 18 apartments consisting of 2 studios, 7 one bed one baths, 7 two bed one baths, and 2 three bed one baths. Rental rates are currently strong in this building compared to market consisting of tenants on subsidies brought in by the owner while boasting a in-place cap rate of over 11. Tenants pay for their own gas and electric. Landlord covers water and common area utilities. Each unit has its own gas-fired boiler for heat. This building sits right on 70th & Stewart. Minutes from the 69th/Stewart bus stop and 0.3 miles from the CTA Green Line station and a short drive to I-90/94. Just 10 miles from downtown Chicago.

7002 S Stewart Avenue, Chicago

6433 S Sangamon Street, Chicago
$489,900
9 Beds ⋅ 3 Baths ⋅ 12642308 MLS
Fully rehabbed 2-unit building coming soon at 6433 S Sangamon Street in Chicago. The current owner is actively completing the renovation and the property will be delivered fully rehabbed upon completion. Permits have been issued and inspections have already passed as construction continues. The first-floor unit will be a duplex-down featuring 5 bedrooms, 2 full bathrooms, an in-unit laundry hookup, and a spacious layout across two levels. The second-floor unit will feature 4 bedrooms , 1 full bathroom, with updated finishes throughout. Additional improvements include a new roof and a completed brand-new rear wooden and metal porch. Framing is currently in place, making this an excellent opportunity to secure a fully renovated multi-unit property before completion. Schedule a showing and come take a look at the progress. This is your chance to own a practically brand-new multi-unit building with modern updates throughout.

6433 S Sangamon Street, Chicago



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