7716-18 South East End Avenue, Chicago, IL for sale

Investment Overview

Essex Three-Twelve has been exclusively engaged to market for sale a 16-unit multifamily property located at 7716–18 S. East End Avenue 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.

Investment Highlights

• Efficient Unit Mix - All 1-bedroom units
• Value-Add Opportunity - Clear path to increase revenue through improved management, leasing, and unit renovations
• Below-Market Rents - Significant upside potential by bringing rents to market levels
• Laundry Facilities On-Site
• Near the Lakefront - Desirable location with solid long-term renter demand