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Ingleside Manor PRICE REDUCED! Short Sale
932-44 E 79th St., Chicago, IL 60619
18 Units | Multifamily
Multifamily Property - Off Market
- No. Units:
- Building Size:
- 19,500 SF
- Property Type:
- Property Sub-type:
- Additional Sub-types:
- Retail (Other)
- Property Use Type:
- Cap Rate:
- No. Stories:
- Year Built:
- Listing ID
- Last Updated
- over 1 year ago
- 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
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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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO