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716 E 81st Street

Chicago, IL 60619
  • $820,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 11482107
UPDATED: 50 min ago
$820,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1925
County:

School Ratings & Info

Description

Opportunity to purchase a 12 unit multifamily building in Chatham with 6 one beds ~700 SF and 6 two beds ~900 SF. Kitchens and baths have been recently updated. Both water heaters are newer and tuckpointing was done ~6 years ago. A new investor can raise rents for more attractive returns. Currently $113K of income which can be $122K of income in year 1. Pushing the CAP from 6.74% to 7.46%. 0.7 miles from 83rd Street Metra. Appreciating area.

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© 2022 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 Ani Real Estate. Based on information submitted to the MRED as of 2022-08-14T16:58:56.537 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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716 E 81st Street Chicago, IL 60619

  • Price: $820,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 50 min ago
  • MLS #: 11482107
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1925
Built
Neighborhood:
Chi - Chatham
County:
Cook
Area:
Chi - Chatham
Property Description
Opportunity to purchase a 12 unit multifamily building in Chatham with 6 one beds ~700 SF and 6 two beds ~900 SF. Kitchens and baths have been recently updated. Both water heaters are newer and tuckpointing was done ~6 years ago. A new investor can raise rents for more attractive returns. Currently $113K of income which can be $122K of income in year 1. Pushing the CAP from 6.74% to 7.46%. 0.7 miles from 83rd Street Metra. Appreciating area.
Exterior Features

Exterior Building Type Brick Parking Total 0

Interior Features

Basement Unfinished Cooling Window Unit(S) Heat Ventilation Central Bldg HeatGas Number Of Dishwashers 0 Number Of Dryers 0 Number Of Ranges 12 Number Of Washers 0

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Current Use Multi-Family Electric Circuit Breakers Gross Income 113460 Gross Scheduled Income 107787 Insurance Expense 6510 Maintenance Expense 4800 Mls Actual Status Active Net Operating Income 55293 Operating Expense 52494 Tax Annual Amount 10961 Tax Year 2020 Tenant Pays Electricity Total Monthly Income 9455 Type Multi Family 5+ Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Triton Realty Group Llc.


© 2022 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 Ani Real Estate. Based on information submitted to the MRED as of 2022-08-14T16:58:56.537 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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