704 E. 80th St Chicago, IL 60619
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Property Features for 704 E. 80th St
General Information
- Property type
- Multifamily properties
- Square Feet
- 9,000 SF
- Price / Square Foot
- $70
- Elevators
- N/A
- Lot Size
- 9,000 SF
Building Details
- Buildings
- 1
- Stories
- 3
- Units
- 9
Overview
Chicago Chatham Neighborhood Multifamily Building
Located at 704 E. 80th St in Chicago's Chatham neighborhood, this nine-unit multifamily building is situated one block south of the 79th Street Corridor. The property provides access to public transportation (CTA bus and train), I-94, and downtown Chicago. The building consists of two-bedroom, one-bathroom units, each featuring updated kitchens and bathrooms with hardwood floors. Recent capital improvements include a Weil-McLain boiler, updated copper plumbing, a hot water tank installed in 2021, and code-compliant porches. This investment property offers an opportunity to acquire a stabilized, cash-flowing asset. 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. The property is professionally managed.
HighLights
- Nine‑unit building in Chicago's Chatham neighborhood offers strong cash flow.
- Recently updated kitchens, baths, and modern boiler enhance this stabilized asset.
- Convenient location near CTA, I‑94, and downtown Chicago provides easy access.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential income homes
Location Insight
- City
- Chicago
- State
- Illinois
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - 9-unit building, Chatham neighborhood, high ROI.
Where is this multifamily property located?
The property is located at 704 E. 80th St Chicago, IL.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Nine-unit building in Chicago's Chatham neighborhood offers strong cash flow.; Recently updated kitchens, baths, and modern boiler enhance this stabilized asset.; Convenient location near CTA, I-94, and downtown Chicago provides easy access.
