505 W 79th Street
Chicago, IL 60620

Tools & Resources:

Description

Come out and see this 9 unit building, it has 6 apartments (2) 2 bedroom and (4) 1 bedroom 1 bathroom unit and 3 store fronts, the building needs some TLC but has potential. 5 of the 6 units are rented and all store fronts are currently vacant. There is opportunity for additional income from the Clear Channel advertising signs attached to the building.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60620
• Year Built: 1889
• Stories: 3
• Units: 6 units
• Zoning: MULTI
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Directions: 79th street east or west to Normal
• Electric: Separate Meters
• Electric Expense: 600
• Electric Expense Source: Owner Projection
• Gross Income: 3450
• Gross Rent Multiplier: 33
• Gross Scheduled Income: 10600
• Heat/Ventilation: Central Heat/Indiv Controls
• Information: 48-Hr Notice Required
• Insurance Expense: 5500
• Insurance Expense Source: Owner Projection
• Lot Size Square Feet: 8250
• Main Type: Commercial Sale
• Maintenance Expense: 1500
• Operating Expense: 5500
• Tax Annual Amount: 13124
• Tax Year: 2023
• Tenant Pays: Electricity, Heat
• Total Monthly Income: 3450
• Trash Expense: 1800
• Trash Expense Source: Owner Projection
• Type Multi-Family: Flats
• Water Expense Source: Owner Projection
• Water Sewer Expense: 2000