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Exclusive Listing
$350,000
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10,553
square ft

541 E 80th Street

Chicago, Illinois 60619
Closed / MLS #10773030 / Multiple Family / Chatham
Listing information updated 2/12/2021 at 1:43pm
ROC Advisory Group - @properties Commercial is pleased to present a 3-story Corner 9-unit Apartment Building located in the Chatham neighborhood of Chicago. The asset provides an opportunity for a qualified investor to purchase a well maintained, well located property with many long-term tenants. An Investor's Dream - this Previously Class 9 Designated Property (2005-2015) is once again eligible as of 11/2019 after undergoing $111,150 (completed 11/2019) in capital improvements and code violations remediation PLUS another $45,000 updating all but one apartment (545-2). 541 E 80th consists of (8) 2beds-1bath units along with (1) 1bed-1bath unit. Eight units underwent remodeling work between tenants. The work entailed the following items: repainting, floor sanding/refinishing, new blinds, ceiling fans, cabinets, vanities, light fixtures, sinks, faucets, closet hardware and new appliances. 2.08 Debt Coverage with 25% Down presents a unique opportunity to own a fully-occupied, well maintained cash cow with current below market rents located in a stable and quiet neighborhood just 1 block south of 79th St transportation and retail hub. * Complete List of Capital Improvements including dates & costs available upon request. ** Class 9 Paperwork available upon request. Email request for Offering Memorandum.

Full Features

Exterior Type:
Brick
Square Feet:
10,553
Built:
1925
Cooling System:
Window Unit/s
Stories:
3
Roof:
Membrane
Current Use:
Residential-Multi-Family
Zoning:
MULTI
Building Square Feet:
10,553
Current Net Income:
$48,573
Unit 1:
3 room(s) / 1 bed(s) / 1 bath(s)
Unit 2:
4 room(s) / 2 bed(s) / 1 bath(s)

Taxes & Assessments

Tax Amount:
$8,375
Tax Year:
N/A

Location

Zip Code:
60619
City:
Chicago
County:
Cook
Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Chatham, IL

A well-established neighborhood that has evolved over the years, Chatham is home to many residents that have lived in the community for much of their lives. Avalon Highlands, Chesterfield, and Chatham Fields are three of the sub-areas that comprise this tight-knit community. Listed on the National R...

Metra

Metra
Metra Electric Main Branch line at Chatham Metra

CTA

CTA
Red line at 79th
$194,141
Average Sale Price
119
Average Days On The Market
93%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 541 E 80th Street, Chicago, IL 60619

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541 E 80th Street is a multiple family which sold for $350,000. This multiple family has been listed on @properties since July 7th, 2020 and was built in 1925. The nearest transit stops include 79th CTA Red line and Chatham Metra Metra Metra Electric Main Branch line.

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