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2201 E 70th Pl, Chicago, IL, 60649
Renovated Apartment Building Investment

2201 E 70th Pl Chicago, IL 60649

For Sale
Contact for pricing

36-unit apartment building with 98% newly renovated units and guaranteed rent through subsidized housing.

Days on Market106

Property Features for 2201 E 70th Pl

General Information

Standard status
Active
Property subtype
Multifamily
Listing Agency: Compass Chicago
Listed By: Amanda Stapleton · License #IL
Source: Crexi
Added: Apr 11 Changed: Jul 21 Last Checked: Jul 23 at 3:59PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Chicago


Investment Insights

Based on property information with market context.

This 36-unit apartment building is offered for sale with 100% occupancy. Public remarks indicate 98% of the units have been newly renovated, including ceramic tile, new high-efficiency boiler, and new electrical with a security camera system included.

The property is described as being minutes away from Lakeshore Drive, the Tiger Woods Gold Course, and the Southshore Cultural Center.

According to the provided information, rents are subsidized, with guaranteed rents per month, and the property is reported to be generating positive cash flow. Rental income is cited as $32,000 per month in the public remarks.

Key Highlights

  • 36‑unit apartment building with 100% occupancy
  • Rental income of $32,000 per month, with subsidized housing and guaranteed rent per month
  • 98% of the units have been newly renovated with ceramic tile

Property Analytics

Location Intelligence

Current Use by Public Records

New Hope Christian ... Church

Suggested Use

Law Firm Building Supply Dental Office Big Box & Wholesale Store Computer & Electronic Repair Carpet & Flooring Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Auto Parts Store Storage Facility

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

FAQs

What type of property is this?
Apartment building - 36-unit apartment building with 98% newly renovated units and guaranteed rent through subsidized housing.
Where is this apartment building located?
The property is located at 2201 E 70th Pl Chicago, IL.
What are key features of this property?
This property features: 36‑unit apartment building with 100% occupancy; Rental income of $32,000 per month, with subsidized housing and guaranteed rent per month; 98% of the units have been newly renovated with ceramic tile
More about this property
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