Commercial: Multi Family 5+ - MLS# 12543098
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Description
Exciting Investment Opportunity in Greater Grand Crossing! Don't miss this 5-unit property with an included vacant lot, offering excellent potential for investors. The main building features four residential units plus a coach house, all under the same PIN (644 E 75th St). Currently, 3 of the 5 units are rented, with two vacant units providing the opportunity to bring in updated, market-rate rents. Highlights include: * Brand new porch and landing built in September 2025 * Spacious 3-bedroom unit with updated bathroom * All units include stoves and refrigerators * Clean and well-maintained common areas * Large unfinished basement in the main building * Coach house for added rental income potential * Vacant lot included for expansion or additional value Located just six blocks from Chicago landmarks like Lem's BBQ and the James Beard Award-winning Brown Sugar Bakery, this property is positioned in a fast-appreciating neighborhood with strong rental demand. Whether you're looking to add value, increase cash flow, or expand your portfolio, this multi-unit with a coach house and vacant lot is a true investment opportunity. Property sold As-Is.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60619
- Year Built: 1908
- Stories: 2
- Units: 5 units
- Basement: Unfinished
- Zoning: MULTI
- # Of Ranges: 5
- # Of Refrigs: 5
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Directions: Travel East on 75th to get to the property. Located on the North Corner.
- Electric: Circuit Breakers
- Electric Expense: 300
- Electric Expense Source: Owner Projection
- Expense Year: 2024
- Fire Protection: Alarm On Site, Fire Extinguisher/s
- Fuel Expense Source: Actual
- Gross Income: 68496
- Gross Rent Multiplier: 5.8
- Gross Scheduled Income: 48858
- Heat/Ventilation: Central Heat/Indiv Controls
- Information: Short Notice OK
- Insurance Expense: 5698
- Insurance Expense Source: Combination
- Janitor Expense: 1800
- Lot Size Square Feet: 9250
- Main Type: Commercial Sale
- Maintenance Expense: 1000
- Manager Expense: 4100
- Manager Expense Source: AC
- Operating Expense: 19638
- Other Expense Source: Combination
- Outdoor Parking: 1-5 Spaces
- Tax Annual Amount: 4416
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
- Total Annual Expense Source: Owner Projection
- Total Monthly Income: 5708
- Trash Expense Source: Actual
- Type Multi-Family: Flats
- Water Expense Source: Owner Projection
- Water Sewer Expense: 2324
- Water Source: Municipal Water
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