This property is Off-Market

932-44 E 79th St.
Chicago, IL 60619 ·

18 Units · Multifamily For Sale

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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
Property Sub-type
Garden/Low-Rise
More...
  • Retail (Other)
Year Built 1927
Listing ID: 17968570 Date Created: 01/07/2013 Last Updated: 03/04/2013

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.

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

Research

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

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