1641-1645 W 79th St - Apartments FOR SALE


Chicago, IL 60620
$650,000 USD
312-351-1111
1641-1645 W 79th St, Chicago, IL for Sale
$650,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

1641-1645 W 79th St
Chicago, IL 60620


HIGHLIGHTS

  • Open canvas for Development
  • Prime Chicago Corridor
  • 79th Street TIF

OVERVIEW

Attention Savvy Investors! This property at 1641 W 79th Street, Chicago, presents a golden opportunity to complete a renovation and unlock substantial upside potential. With a 6,800 SF building offering ample space for multifamily investment, this is the perfect canvas for a visionary investor to transform and elevate. The 20 units mixed offering promises a significant rental income opportunity, while the assumable debt at 4.5% adds further appeal. Take advantage of this quality blank canvas and leverage a large upside in the flourishing Auburn Gresham area. It's time to turn potential into profit with this remarkable investment prospect!

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$24 USD /SF

# OF UNITS

18

PRICE/UNIT

$36,111

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auburn Gresham Mixed-Use

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,378 SF

ZONING

B1-1

APN/PARCEL ID

20-31-206-004-0000

ASK ABOUT THIS PROPERTY

Phillip Gross33 RealtyMore Info
312-351-1111

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Phillip Gross33 RealtyMore Info
312-351-1111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.