622 West 79th StreetChicago, IL 60620Price: $775,000

  • Price: $775,000
  • 42 Days on Market
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Federal 30-year interest rate: 3.1% last updated on Nov 24, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 10,500Square Feet
  • 1889Year Built

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10.78% Cap rate! We are pleased to present for sale 622-624 W 79th Street, an eight-unit mixed-use investment property in the neighborhood of Auburn Park in Chicago, Illinois. The property was extensively rehabbed in 2020-2021 - all units (including commercial) have in-unit gas-forced heat and hot water tanks and were gutted to the studs. The two commercial spaces are currently being marketed for $1350 (622 W 79th) and $1650 (624 W 79th) per month (LOI for 3-year full-price tenant accepted 10-17-21 - taking both spaces). The six apartments have intentionally been left vacant for a new investor to fill: 2 two-bedroom / one-bathroom, 1 two-bedroom / two-bathroom, & 3 three-bedroom / one-bathroom units. The second floor has coin laundry for residents and there is a vacant two car garage in the rear. PLEASE SEE OR REQUEST OFFERING MEMORANDUM FOR FINANCIALS & ADDITIONAL INFORMATION.

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Listed by Thomas Hart of 33 Realty

Based on information submitted to MRED  as of November 28, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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