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    740 E 82Nd St Chicago, IL 60619

    For Sale
    $680,000

    Commercial Sale - Chicago, IL

    Days on Market:
    135
    Last Refresh:
    Dec 12 at 2:06 pm

    Property Features for 740 E 82Nd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    20342230170000

    Building Details

    Year built
    1925
    Number of units
    10
    Architectural style
    Other

    Hunter's Realty, Inc. (708) 628-2900 [email protected]

    Listing agent Kaela Clay (708) 628-2900 License #475190154

    Listing date Jul 31, 2025

    MLS# 12064673 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chatham 10-Unit Investment Opportunity

    This well-maintained 10-unit building is located in the Chatham community of Chicago. The property's location provides convenient access to local retail stores and transportation options. The building features individual heating systems for each unit and spacious layouts. The current cap rate is 10.21%, with potential for increased profitability through rent adjustments. The property is suitable for either an owner-occupant or an investor. The property is being sold in As-Is condition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6059509
    Latitude
    41.7459462

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 10-unit building in Chicago's Chatham neighborhood.
    Where is this apartment building located?
    The property is located at 740 E 82Nd St Chicago, IL.
    What is the asking price?
    The asking price for this property is $680,000.
    What are key features of this property?
    This property features: - High Cap Rate: Current 10.21% cap rate offers strong investment potential.; - Income Growth Potential: Opportunity to increase profit by raising rents.; - Multi-Unit Building: Well-maintained 10-unit property provides substantial rental income.
    (708) 628-2900
    Request Owner's contact information
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    Chicago, IL 60619
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    740 E 82Nd St Chicago, IL 60619
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