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622-624 W 79th - 8-Unit Mixed-Use 2021 Rehab

$675,000

622-624 W. 79th Street, Chicago, IL 60620

Active
Last Updated: 06/07/2023

11.47

Cap Rate

77,437.87

NOI

Details:
Cap Rate:    11.47%
NOI:    $77,437.87
Building Size:    10,500 sqft
Lot Area:    0.1148 acres
Occupancy:    25%
Units:    8
Floors:    3
Highlights:
  • 2021 gut rehab: electrical, copper plumbing, to the studs drywall, bathrooms, kitchens, windows, two commercial storefronts, manufactured hardwood throughout, and exterior tuckpointing
  • The six residential units are currently vacant
  • Individual gas-forced heat
  • Individual in-unit hot water tanks
  • Coin laundry in building
  • Two car garage
  • The two commercial storefronts were recently leased to one tenant, Public Equity, over a 37-month term at $3,000/month with 2.5% annual escalations. The two-car garage is included with the lease - 4/1/22 to 4/30/2025
Description:

33 Realty is pleased to present for sale 622-624 W 74th Street, an 8-unit 2021 gut-rehabbed mixed-use property in the Auburn Park neighborhood of Chicago.

Auburn Park

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Documents:
Title
NEW - Horizontal Offering Memorandum
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