7716-7718 S East End Ave 16 Unit Apartment Building $1,595,650 CAD ($99,728 CAD/Unit) 8.17% Cap Rate Chicago, IL 60649

Essex Realty Group, LLC 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.