716 East 81st StreetChicago, IL 60619Price: $820,000

  • Price: $820,000
  • 59 Days on Market
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Federal 30-year interest rate: 6.7% last updated on Sep 29, 2022
* 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.
  • 1925Year Built

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Opportunity to purchase a 12 unit multifamily building in Chatham with 6 one beds ~700 SF and 6 two beds ~900 SF. Kitchens and baths have been recently updated. Both water heaters are newer and tuckpointing was done ~6 years ago. A new investor can raise rents for more attractive returns. Currently $113K of income which can be $122K of income in year 1. Pushing the CAP from 6.74% to 7.46%. 0.7 miles from 83rd Street Metra. Appreciating area.

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Listed by Edward Liss of Triton Realty Group LLC

Based on information submitted to MRED  as of September 30, 2022 . 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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