1502-1510 E 74Th St Chicago, IL 60619
12-unit multifamily property in Chicago's South Shore neighborhood.
Property size:
10,700 SFProperty Features for 1502-1510 E 74Th St
General Information
- Size
- 10,700 SF
Source:
33realty
Listing Agent: Brian Mond
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
South Shore Multifamily Investment Opportunity
Located in Chicago's South Shore neighborhood, this 10,700 square foot multi-family mid-rise property at 1502-1510 E 74th St features twelve apartment units at the corner of 74th St and Blackstone Ave. The property includes 11 one-bedroom, one-bathroom units and 1 studio, one-bathroom unit, showcasing classic Chicago design. A new roof was installed in 2016, and the property features upgraded windows with aluminum frames and renovated bathrooms. The building is fully occupied with tenants on average three-year leases. Landlord-paid heat is provided, and tenants have access to coin-operated laundry facilities with two washers and two dryers in the basement. The property has a boiler system and 40 amp service. The property is located in Chicago's vibrant South Shore neighborhood, along the city's southern lakefront, and is within 45 minutes to Midway Airport and minutes to Lakeshore Drive, I-94, and I-90. There is potential to raise rents by 16%.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.5881699
- Latitude
- 41.7607112
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FAQs
What type of property is this?
Apartment building - 12-unit multifamily property in Chicago's South Shore neighborhood.
Where is this apartment building located?
The property is located at 1502-1510 E 74Th St Chicago, IL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: - Stable, fully occupied 12-unit multi-family property with attractive cash flows.; - Significant upgrades including a new roof (2016), upgraded windows, and renovated bathrooms.; - Located in Chicago's vibrant South Shore neighborhood, near Lake Michigan, cultural attractions, and dining.