This property is Off-Market
932-44 E 79th St.
Chicago, IL 60619 ·
18 Units · Multifamily For Sale
Ingleside Manor PRICE REDUCED! Short Sale
|Price||N/A||Property Use Type||Investment|
|No. Units||18||Cap Rate||26%|
|Building Size||19,500 SF||Occupancy||60%|
|Property Type||Multifamily||No. Stories||3|
|Listing ID: 17968570||Date Created: 01/07/2013||Last Updated: 03/04/2013|
Short Sale off Bank note for $815,000. Bring your offer.
MIXED USE. Building has 3 floors, 12 apartments (6 on 2nd floor and 6 on 3rd floor) and 6 stores (2 spaces are doubled together so 5 rentable). 10-2br (4 of which are 2br 2ba) and 2-1br. Building has had complete renovation including, electrical, plumbing, windows, roof, bathrooms, kitchens, hot water, tenant heat forced air, steel fire escape, tuck pointing, store fronts. Building is currently running lower occupancy then usual. Has excellent cash flow opportunity at lease up of over to $8,000 per month.
Chicago south side Grand Crossing neighborhood. Directly on 79th St. with excellent foot traffic and transportation options.
- Short sale opprotunity off original $815,000 note.
- Over $13,000 gross potential rent equals over 26% cap rate
- All good paying tenants.
- Excellent 10% current cap rate
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