$650,000

Est. payment -/mo

$650,000

Est.Price: ?

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740 E 82nd ST Chicago, IL 60619

5,662 Sqft Lot

SOLD DATE : 02/28/2020

Key Details

Sold Price $650,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 10553733

Sold Date 02/28/20

Maintenance Fees $4,000

Year Built 1925

Annual Tax Amount $10,010

Tax Year 2018

Lot Size 5,662 Sqft

Lot Dimensions 5619 SF

Property Sub-Type Multi Family 5+

Property Description

Opportunity to purchase 10 units in Chatham with individually heated GFA furnaces and all two bedroom units. New windows in last 2 years. Very well maintained property with ability to raise rents. Current CAP 8.4% with room to move to a 10% CAP. The subject property is just blocks from major retail and shopping corridor on 79th street. New investor should have opportunity to raise rents $100 per unit to get rents toward average rents in the area. Stabilized building with plenty of room to grow!