2046 E 73rd Street

Chicago, Illinois 60649
Closed / MLS #11480713 / Multiple Family / South Shore
Listing information updated 10/14/2022 at 5:43pm
South Shore cash cow for sale! Looking for an armchair investment with some upside included? This six unit apartment building presents the new owner with the opportunity to acquire an in place cap rate of 9.6 with pro forma numbers topping a 12 cap. The building has six 2 bed/1 bath apartments. The building was fully rehabbed in 2016 and all units have updated kitchens and baths. Tenants pay the heat in this building as all six apartments have separate gas forced air as well. The property is located walking distance to Lake Michigan, near the Jeffery Plaza Shopping Center and near all the best public transit hubs. With the fantastic location in the South Shore neighborhood, plenty of upside on the rents and stable income history, this six unit is a once in a lifetime opportunity.

Full Features

Exterior Type:
Brick
Basement:
Unfinished
Water Front:
No
Square Feet:
N/A
Built:
1913
Parking Spaces:
3
Stories:
3
Roof:
Reflective Coating,Rubber
Zoning:
MULTI
Current Net Income:
$47,344
Unit 1:
5 room(s) / 2 bed(s) / 1 bath(s)

Taxes & Assessments

Tax Amount:
$4,250
Tax Year:
2020

Location

Zip Code:
60649
City:
Chicago
County:
Cook

Listing Office: Forte Properties, Inc.

Listing Office Phone: 708.315.7310

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/14/2022 at 5:43pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


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2046 E 73rd Street is a multiple family which sold for $470,000. This multiple family has been listed on @properties since August 2nd, 2022 and was built in 1913. The nearest transit stops include Bryn Mawr Metra Metra Metra Electric South Chicago Branch line.