Contingent @properties exclusive

541 E 80th Street

Chicago, Illinois 60619


Kevin J. Rocio
312.254.0307

Request More Info

$565,000


Square Footage
10,553


Property Type
Multiple Family
Community Area
Chatham


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
Pool: No
Square Feet: 10,553
Tax Amount: $8,375
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)
School District(s): City Of Chicago SD 299


Taxes & Assessments
Taxes: $8,375

Listing information updated today (9/29/2020)


Chatham

Neighborhoods: West Chesterfield, East Chatham, West Chatham

Chatham is part of the Chicago South Side. Situated just south of Chicago's Loop, Chicago South has experienced rapid development in recent years, particularly in the South Loop neighborhood. Chicago South offers a wide range of housing styles, including new…

Learn More

Nearby Public Transportation

CTA Rail

at 79th (0.77 miles away)

Metra
Metra Electric Main Branch, Metra Electric South Chicago Branch, Rock Island District, South Shore

at Chatham Metra (0.70 miles away), 67th St Metra, Gresham Metra, 63rd Street and others







541 E 80th Street Chicago, Illinois 60619 is a multiple family currently listed at $565,000. This multiple family has been listed on @properties since July 7th, 2020 and was built in 1925. Nearby schools include Dixon Elementary School, Hirsch Metropolitan High School. The nearest transit stops include 79th CTA Red line, Metra Electric Main Branch Chatham Metra. Want to learn more about 541 E 80th Street Chicago, Illinois 60619? Contact an @properties agent to request more info.