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622 W 79th Street

Chicago, IL 60620
  • $775,000
  • STATUS: Active
  • ON SITE: 51 Days
  • MLS #: 11248729
UPDATED: 54 min ago
$775,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1889
County:

School Ratings & Info

Description

10.6% Cap rate! We are pleased to present for sale 622-624 W 79th Street, an eight-unit mixed-use investment property in the neighborhood of Auburn Park in Chicago, Illinois. The property was extensively rehabbed in 2020-2021 - all units (including commercial) have in-unit gas-forced heat and hot water tanks and were gutted to the studs. The two commercial spaces were recently leased to one tenant over a 37-month term at $3,000/month with 2.5% annual escalations. The six apartments have intentionally been left vacant for a new investor to fill: 2 two-bedroom / one-bathroom, 1 two-bedroom / two-bathroom, & 3 three-bedroom / one-bathroom units. The second floor has coin laundry for residents and there is a vacant two car garage in the rear. PLEASE SEE OR REQUEST OFFERING MEMORANDUM FOR FINANCIALS & ADDITIONAL INFORMATION.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-12-09T07:59:08.517 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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622 W 79th Street Chicago, IL 60620

  • Price: $775,000
  • Status: Active
  • On Site: 51 Days
  • Updated: 54 min ago
  • MLS #: 11248729
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1889
Built
Neighborhood:
Chi - Auburn Gresham
County:
Cook
Area:
Chi - Auburn Gresham
Property Description
10.6% Cap rate! We are pleased to present for sale 622-624 W 79th Street, an eight-unit mixed-use investment property in the neighborhood of Auburn Park in Chicago, Illinois. The property was extensively rehabbed in 2020-2021 - all units (including commercial) have in-unit gas-forced heat and hot water tanks and were gutted to the studs. The two commercial spaces were recently leased to one tenant over a 37-month term at $3,000/month with 2.5% annual escalations. The six apartments have intentionally been left vacant for a new investor to fill: 2 two-bedroom / one-bathroom, 1 two-bedroom / two-bathroom, & 3 three-bedroom / one-bathroom units. The second floor has coin laundry for residents and there is a vacant two car garage in the rear. PLEASE SEE OR REQUEST OFFERING MEMORANDUM FOR FINANCIALS & ADDITIONAL INFORMATION.
Exterior Features

Exterior Building Type Brick Parking Total 2

Interior Features

Cooling None Heat Ventilation Central Heat/Indiv Controls Number Of Ranges 6

Property Features

Additional Parcels YN Yes Approximate Age Older Building Area Total 10500 Built Before1978 YN Yes Electric Circuit Breakers Fire Protection Fire Extinguisher/S Geographic Locale Chicago SouthChicago Southwest Gross Income 123900 Gross Scheduled Income 123900 Insurance Expense 3200 Net Operating Income 83549 Operating Expense 36585 Property Sub Type Mixed Use Rental Price 13.5 Tax Annual Amount 10209 Tax Year 2020 Tenant Pays ElectricityHeat Total Monthly Income 10325 Township Lake Type Mixed Use Zoning Commr

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of 33 Realty.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-12-09T07:59:08.517 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Keller Williams Realty
2401 East Empire
Bloomington IL, 61704