NOT LISTED FOR SALE

1061 E 80th St Chicago, IL 60619

Grand Crossing Neighborhood
8 Beds
4 Baths
-- Sq Ft
1966 Built

Last Sold August 07, 2024

Last sale price $315,000

4 Days on Market

Highlights

  • First Floor Utility Room
  • Zoned Heating
  • Paved or Partially Paved Lot

About This Home

As of August 2024

Introducing a prime investment opportunity in the heart of the East Chatham neighborhood of Chicago. This multifamily property boasts a 2,976 square foot, low-rise building with four units, on an oversized 4,500 SF triangular shaped lot. The building, originally built in 1966, was thoughtfully renovated in 2015 including upgraded kitchens with modern backsplash. Currently at 75% occupancy with a fourth unit that was recently refreshed and is now ready for a new tenant. This property presents strong income potential with room for growth. With its strategic location and attractive features, this multifamily residence represents an enticing prospect for those seeking to expand their investment portfolio in the thriving Chicago real estate market. Property is being sold As-Is. POF required prior to any showing.

Last Agent to Sell the Property

Mikus Kins

Compass License #475161490 Listed on: 05/28/2024

Compass

Last Buyer's Agent

Deny Quinonez

Fulton Grace Realty License #475178152

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,291

Year Built

  • Built in 1966 | Remodeled in 2015

Lot Details

  • Lot Dimensions are 45x130
  • Paved or Partially Paved Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • First Floor Utility Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price

Utilities

  • Zoned Heating
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $732
  • Fuel Expense $490
  • Insurance Expense $2,000
  • Trash Expense $100
  • Water Sewer Expense $500
  • Gross Income $45,600
  • Net Operating Income $29,532

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,291

Year Built

Built in 1966 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1966
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2015
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2015

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Room Type: Utility Room-1st Floor
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • Foundation Details: Block, Concrete Perimeter
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Radiant, Zoned
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense: 100
  • Water Sewer Expenses: 500
  • Other Expenses $: 1043

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 45X130
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 29532
  • Fuel Expense: 490
  • Insurance Expense: 2000
  • ElectricExpense: 732
  • GrossIncome: 45600
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 3290.69
  • Tax Year: 2022
  • Tax Exemptions: None

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/07/2024 08/07/24 Sold $315,000 +5.7% --
06/03/2024 06/03/24 Pending -- -- --
05/29/2024 05/29/24 For Sale $298,000 +8.4% --
11/16/2015 11/16/15 Sold $275,000 -12.7% -- View Prior Sale
09/02/2015 09/02/15 Pending -- -- --
05/24/2015 05/24/15 For Sale $315,000 +14.5% --
05/24/2015 05/24/15 Off Market $275,000 -- --
05/13/2015 05/13/15 For Sale $315,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mikus Kins

    Seller's Agent in 2024

    Mikus Kins

    Compass

    (312) 925-8013

    2 in this area

    23 Total Sales

    Mikus Kins
    Section Image

  • D

    Buyer's Agent in 2024

    Deny Quinonez

    Fulton Grace Realty

    (312) 459-2210

    1 in this area

    18 Total Sales

    Deny Quinonez
    Section Image
  • Sunny Lamba

    Seller's Agent in 2015

    Sunny Lamba

    Publix Realty, Inc.

    (773) 780-7717

    3 in this area

    114 Total Sales

    Sunny Lamba
    Section Image

  • N

    Buyer's Agent in 2015

    Non Member

    NON MEMBER

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12069258

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60619 Grand Crossing

1061 E 80th St, Chicago, IL

Not Listed for Sale

MultiFamily

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