7619 S Saginaw Avenue
Chicago, IL 60649

Tools & Resources:

Description

Solid brick 6-unit investment opportunity featuring a desirable unit mix of (3) 3-bedroom units and (3) 2-bedroom units. The property offers strong curb appeal with a classic brick exterior and well-maintained common areas. Rear of the building includes a detached garage with multiple parking spaces, enhancing tenant demand and additional income potential. Units feature functional layouts with generous room sizes and present a value-add opportunity for an investor to increase rents through cosmetic updates and improved management, allowing for strong upside in cash flow. Separately metered utilities support efficient operations and expense control. Conveniently located near public transportation, schools, shopping, and major thoroughfares, making this an attractive option for long-term tenancy. Ideal for investors seeking a stable income property with the ability to drive future rent growth.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60649
• Year Built: 1903
• Stories: 2
• Units: 6 units
• Lot Size: 12632 sq ft lot
• Zoning: MULTI
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Cooling: Window Unit(s)
• Directions: From 79th St, head north on S Saginaw Ave. Property is located on the west side of the street near 76th St.
• Electric Expense: 1200
• Fuel Expense: 3600
• Gross Income: 61200
• Gross Rent Multiplier: 7.35
• Gross Scheduled Income: 61200
• Heat/Ventilation: Forced Air, Separate Per Unit
• Indoor Parking: 1-5 Spaces
• Information: 24-Hr Notice Required, No Sign on Property
• Insurance Expense: 3500
• Lot Size Square Feet: 12525
• Main Type: Commercial Sale
• Operating Expense: 23380
• Outdoor Parking: 1-5 Spaces
• Tax Annual Amount: 9500
• Tax Year: 2023
• Tenant Pays: Electricity, Heat
• Total Monthly Income: 5100
• Trash Expense: 1500
• Type Multi-Family: Flats
• Water Sewer Expense: 4080