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Ingleside Manor PRICE REDUCED! Short Sale

932-44 E 79th St., Chicago, IL 60619

N/A

18 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
18
Building Size:
19,500 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Additional Sub-types:
Retail (Other)
Property Use Type:
Investment
Cap Rate:
26%
Occupancy:
60%
No. Stories:
3
Year Built:
1927
Listing ID
17968570
Last Updated
over 1 year ago

Highlights

  • 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

Description

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.

Map of 932-44 E 79th St., Chicago, IL 60619 (Cook County)

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