1061 E 80th St Chicago, IL 60619
Grand Crossing Neighborhood
8
Beds
4
Baths
--
Sq Ft
1966
Built
Highlights
- First Floor Utility Room
- Zoned Heating
- Paved or Partially Paved Lot
About This Home
As of August 2024Introducing 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.
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
Similar Homes in Chicago, IL
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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% | -- |
| 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
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
-
Deny Quinonez
D
Buyer's Agent in 2024
Deny Quinonez
Fulton Grace Realty
(312) 459-2210
1 in this area
17 Total Sales
-
Sunny Lamba
Seller's Agent in 2015
Sunny Lamba
Publix Realty, Inc.
(773) 780-7717
5 in this area
136 Total Sales
-
N
Buyer's Agent in 2015
Non Member
NON MEMBER
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12069258
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