7152 Emerald Ave Chicago, IL 60621

This 6-unit apartment building in Chicago's vibrant 60621 zip code presents a compelling investment opportunity. Located at 7152 S Emerald Ave, this three-story, 5,400 square foot building boasts a desirable unit mix: three 2-bedroom and three 3-bedroom apartments. Completely renovated in 2024, the property features updated kitchens and bathrooms, refinished hardwood floors, new lighting, a newly constructed laundry room, and modern mechanicals including individual furnaces, hot water tanks, and updated electrical systems. The 100% occupancy rate (as of February 1, 2024) ensures immediate cash flow, with a current Net Operating Income (NOI) of $59,904 and a 9% cap rate. Tenant-paid utilities further minimize operating expenses. The building sits on a 6,250 square foot lot and benefits from excellent curb appeal, ample tenant parking, and an updated common hallway. The property is zoned RT-4 and offers a stabilized, turnkey investment with significant upside potential. Built in 1883, this property has been meticulously updated to provide modern amenities while maintaining its character. The asking price is $680,000, or $113,333 per unit. This is a rare opportunity to acquire a fully occupied, high-performing multifamily asset in a strong Chicago market.