1651 W 79th Street
Chicago, IL 60620

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Description

CALLING ALL INVESTORS LOOKING FOR INSTANT INCOME, NO REPAIRS NEEDED, JUST PURCHASE AND WATCH YOUR MONEY GROW. 2ND FLOOR APARTMENT HAS A BRIGHT KITCHEN WITH SS APPLIANCES, GRANITE COUNTERTOPS & BROWN CABINETRY, SPACIOUS LIVING & SEPARATE DINING ROOMS AND PLENTY OF STORAGE SPACE. PROPERTY IS CONVENIENTLY LOCATED NEAR PUBLIC TRANSPORTATION, SHOPPING CENTERS AND EATERIES. THE FULLY OCCUPIED BEAUTY SHOP ON THE FIRST FLOOR, ALONG WITH THE 2ND FLOOR APARTMENT, PROVIDES STEADY RENTAL INCOME AND MAKES THIS TWO FLAT BRICK A GREAT INVESTMENT OPPORTUNITY. KEY FEATURES: - Long term, reliable tenants - Storefront Beauty Shop on the first floor - Spacious 3 bedroom, 1 bathroom apartment on the second floor - Hardwood floors throughout the 2nd floor unit - Large living and seperate dining room - Bright, spacious kitchen - Plenty of storage space in basement - Convenient location - Great investment opportunity - steady rental income - Separate furnaces and 1 central air units - Fenced backyard with 2 car garage Don't miss out on this excellent opportunity to invest in an income generating property. Contact us today for more information or to schedule a viewing!

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60620
• Year Built: 1924
• Stories: 2
• Units: 2 units
• # Of Apts: 1
• # Of Ranges: 1
• # Of Refrigs: 1
• # Of Stores: 1
• # Of Tenants: 2
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cap Rate: 10.3
• Construction Materials: Brick
• Cooling: Central Air
• Directions: ASHLAND TO 79TH STREET EAST TO ADDRESS 1651
• Electric: Circuit Breakers, Service - 101 to 200 Amps
• Expense Year: 2024
• Fire Protection: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
• Flooring: Wood
• Fuel Expense Source: Actual
• Geographic Locale: Chicago South
• Gross Income: 30000
• Gross Rent Multiplier: 0.12
• Gross Scheduled Income: 30000
• Heat/Ventilation: Central Heat/Indiv Controls, Forced Air, Gas
• Information: Standard
• Insurance Expense: 1500
• Lot Size Square Feet: 3048
• Main Type: Commercial Sale
• Operating Expense: 5742
• Ownership Type: Corporation
• Property Sub Type: Mixed Use
• Roof Structure: Flat
• Tax Annual Amount: 2742.88
• Tax Year: 2023
• Total Actual Rent: 2500
• Total Monthly Income: 2500
• Township: Lake
• Water Sewer Expense: 1500