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1220 E 79th Street

Chicago, IL 60619
  • $399,900
  • STATUS: Active Under Contract
  • ON SITE: 118 Days
  • MLS #: 11490218
Under Contract
UPDATED: 197 min ago
$399,900
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1967
County:

School Ratings & Info

Description

CASH COW!! This beautiful brick TURNKEY 6-unit in the Greater Grand Crossing/Chatham neighborhood is a real cash cow! Currently 5/6 units are rented out with apps out on the 6th. Great unit mix of (5) 2BR's and (1) 1BR. 3 of the units have been completely remodeled this year and the other 3 have long term tenants in place. Brand new boiler just installed. All common areas and stairways remodeled this year as well. New copper main supply installed in 2021. Coin-op laundry. Units are separately metered for electricity. Heat is provided by a communal boiler and hot water by a commercial tank. New Boiler (2022). Currently professionally managed with very reasonable fees but can also be easily self managed as well. Perfect 1031 Exchange. This one won't last!

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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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-12-08T23:57:57.51 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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1220 E 79th Street Chicago, IL 60619

  • Price: $399,900
  • Status: Active Under Contract
  • On Site: 118 Days
  • Updated: 197 min ago
  • MLS #: 11490218
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1967
Built
Neighborhood:
Chi - Avalon Park
County:
Cook
Area:
Chi - Avalon Park
Property Description
CASH COW!! This beautiful brick TURNKEY 6-unit in the Greater Grand Crossing/Chatham neighborhood is a real cash cow! Currently 5/6 units are rented out with apps out on the 6th. Great unit mix of (5) 2BR's and (1) 1BR. 3 of the units have been completely remodeled this year and the other 3 have long term tenants in place. Brand new boiler just installed. All common areas and stairways remodeled this year as well. New copper main supply installed in 2021. Coin-op laundry. Units are separately metered for electricity. Heat is provided by a communal boiler and hot water by a commercial tank. New Boiler (2022). Currently professionally managed with very reasonable fees but can also be easily self managed as well. Perfect 1031 Exchange. This one won't last!
Exterior Features

Exterior Building Type Brick Outdoor Parking 1-5 Spaces Parking Total 4

Interior Features

Fireplaces Total 0 Heat Ventilation Hot WaterBaseboard Number Of Dishwashers 0 Number Of Dryers 1 Number Of Ranges 6 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 3523 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Gross Income 64860 Gross Scheduled Income 64860 Insurance Expense 3436 Maintenance Expense 3600 Mls Actual Status Contingent Net Operating Income 43324 Operating Expense 21536 Tax Annual Amount 5173.26 Tax Year 2020 Tenant Pays Electricity Total Monthly Income 5405 Township Hyde Park Type Multi Family 5+ Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of @Properties Christie's International Real Estate: 312-254-0200.


© 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 Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-12-08T23:57:57.51 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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