13,205 sq ft;
lot: 6970 sq ft lot
Commercial: Multi Family 5+ - MLS# 12602864
Tools & Resources:
Description
Rare 11-Unit Investment Opportunity in Chicago's Chatham Neighborhood. Located on the busy 79th Street commercial corridor. Features 11 units, featuring separate living and dining rooms plus additional bonus rooms that can serve as office or flex space. The properties generate approximately $126,600 in current annual gross income, providing stable in-place cash flow with additional upside potential through future rent adjustments. Tenants pay their own electricity and cooking gas, while the owner provides boiler heat, helping maintain predictable operating expenses. The buildings total approximately 13,205 square feet of improvements and benefit from a high-visibility location along one of the South Side's primary commercial corridors, surrounded by neighborhood retail, transportation, and consistent residential demand. This property presents an attractive opportunity for investors seeking stable income, commercial frontage, and long-term value in a growing South Side submarket.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60619
- Year Built: 1926
- Sq.Ft.: 13,205 sq ft
- Stories: 3
- Units: 11 units
- Lot Size: 6970 sq ft lot
- # Of Ranges: 9
- # Of Refrigs: 9
- Approximate Age: Older
- Building Area Total: 13205
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Cooling: Central Air, Window Unit(s)
- Directions: 79th Street East to Vernon Ave.
- Electric: Circuit Breakers, Service - 0 to 100 Amps
- Electric Expense: 565
- Electric Expense Source: Owner Projection
- Fuel Expense: 11046
- Fuel Expense Source: Owner Projection
- Gross Income: 125400
- Gross Rent Multiplier: 5.78
- Gross Scheduled Income: 125400
- Heat/Ventilation: Forced Air, Radiators
- Information: 48-Hr Notice Required
- Insurance Expense: 16905
- Insurance Expense Source: Owner Projection
- Lot Size Square Feet: 7158
- Main Type: Commercial Sale
- Maintenance Expense: 6520
- Operating Expense: 65355
- Other Expense Source: Owner Projection
- Tax Annual Amount: 21085.76
- Tax Year: 2024
- Tenant Pays: Electricity, Varies by Tenant
- Total Annual Expense Source: Owner Projection
- Total Monthly Income: 10450
- Trash Expense: 1638
- Trash Expense Source: Owner Projection
- Type Multi-Family: Flats
- Water Expense Source: Owner Projection
- Water Sewer Expense: 7596
Contact:
(773) 510-7584
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