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2666-2670 E 78th St 10 Unit Apartment Building $1,150,000 ($115,000/Unit) 11% Cap Rate Chicago, IL 60649
Investment Highlights
- Highly Desirable Unit Mix: 2 and 3 Bedroom Layouts
- In-Unit Furnaces and Water Tanks
- Updated Plumbing and Electric
- Gut Renovated With Condo Quality Finishes Throughout
- Strong In Place Rents
- Fast Appreciating South Shore Location
Executive Summary
Interra Realty has been exclusively engaged to present for sale 2666-70 E. 78th St. Located in Chicago's historic South Shore neighborhood, the subject property is a 10 unit building featuring a strong unit mix of (8) 2 BD/1 BA & (2) 3 BD/1 BA. The building has been gut renovated with updated electric and plumbing.
Current ownership has made significant cosmetic updates featuring condo quality finishes throughout with upgraded appliances. The units feature individual furnaces and water tanks. 2666-70 E. 78th St. presents qualified investors the opportunity to acquire a turn key, gut renovated, condo quality asset with the ability to achieve top of market rental rates in one of Chicago's fastest appreciating south side markets.
Current ownership has made significant cosmetic updates featuring condo quality finishes throughout with upgraded appliances. The units feature individual furnaces and water tanks. 2666-70 E. 78th St. presents qualified investors the opportunity to acquire a turn key, gut renovated, condo quality asset with the ability to achieve top of market rental rates in one of Chicago's fastest appreciating south side markets.
Property Facts
| Price | $1,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $115,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 11% | Building Size | 9,375 SF |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R4, Chicago - Residential | ||
| Price | $1,150,000 |
| Price Per Unit | $115,000 |
| Sale Type | Investment |
| Cap Rate | 11% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 9,375 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1925/2025 |
| Opportunity Zone |
Yes |
| Zoning | R4, Chicago - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | - | - |
| 2+1 | 8 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 21-30-323-032-0000 | Improvements Assessment | $41,117 |
| Land Assessment | $7,031 | Total Assessment | $48,148 |
Property Taxes
Parcel Number
21-30-323-032-0000
Land Assessment
$7,031
Improvements Assessment
$41,117
Total Assessment
$48,148
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2666-2670 E 78th St
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