704 E. 80th St Chicago, IL 60619

This meticulously maintained nine-unit multifamily building is located at 704 E. 80th St in Chicago's historic Chatham neighborhood, just one block south of the 79th Street Corridor. The property offers convenient access to public transportation (CTA bus and train), I-94, and downtown Chicago. The building consists entirely of spacious two-bedroom, one-bathroom units, each featuring recently updated kitchens and bathrooms with hardwood floors throughout. Recent capital improvements include a modern Weil-McLain boiler, updated copper plumbing, a newer hot water tank (installed in 2021), and code-compliant porches. This investment property presents a significant opportunity to acquire a stabilized, cash-flowing asset in a highly sought-after South Side neighborhood. The current in-place cap rate exceeds 8.6%, with a cash-on-cash return of 11.7%. Further upside potential exists through rental increases to market rates, potentially achieving a cap rate over 13% and a cash-on-cash return of nearly 30%. The building sits on a 0.2066 acre lot and has a total building size of 9,000 square feet. This is a turnkey investment ready for immediate income generation. The property is professionally managed and meticulously maintained.