1619 E 70th St Chicago, IL 60649
South Shore NeighborhoodEstimated payment $6,298/month
Highlights
- Central Heating
- 4-minute walk to Stony Island Station
- 4-minute walk to Chestnut Park
About This Home
1619 E. 70th represents a turn-key investment opportunity in the desirable Jackson Park Highlands neighborhood. The building consists of seven units: six 2-bedroom, 1-bathroom apartments and a garden studio. It also has a 1-car garage that has been consistently rented for over four years. In 2021, the Property underwent an extensive gut renovation, including updates to all building mechanicals, common areas, and systems, with permits and a certificate of occupancy issued by the City of Chicago. Each unit is equipped with central heating and air conditioning, with tenants responsible for their own gas and electric utilities. Additionally, on-site coin laundry provides additional income. 1619 E. 70th is a five-minute walk from the Stony Island Metra stop, offering a seamless 20-minute commute into downtown Chicago. This Property offers a straightforward investment opportunity with projected cash-on-cash returns that are realistic as all major capital improvements are complete. Your management effort is simply keeping the building leased and keeping pace with market rent increases. -- BROKER OWNED --
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,600
Year Built
- Built in 1932
Additional Features
- 3-Story Property
- Central Heating
Community Details
Overview
- 7 Units
Building Details
- Electric Expense $504
- Fuel Expense $1,700
- Insurance Expense $4,800
- Maintenance Expense $2,200
- Other Expense $200
- Trash Expense $2,280
- Water Sewer Expense $3,600
- Operating Expense $39,306
- Gross Income $116,124
- Net Operating Income $72,136
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/24/2025 10/24/25 | Price Changed | $965,000 | 0.0% | -- | |
| 10/24/2025 10/24/25 | For Sale | $965,000 | -1.0% | -- | |
| 09/21/2025 09/21/25 | Off Market | $975,000 | -- | -- | |
| 08/29/2025 08/29/25 | Price Changed | $975,000 | -2.4% | -- | |
| 03/21/2025 03/21/25 | For Sale | $999,000 | 0.0% | -- | |
| 02/10/2025 02/10/25 | Off Market | $1,450 | -- | -- | |
| 01/27/2025 01/27/25 | For Rent | -- | -- | -- | |
| 10/08/2024 10/08/24 | Off Market | $1,450 | -- | -- | |
| 10/01/2024 10/01/24 | For Rent | $1,450 | 0.0% | -- | |
| 09/14/2020 09/14/20 | Sold | $285,000 | +1.8% | -- | View Prior Sale |
| 06/04/2020 06/04/20 | Pending | -- | -- | -- | |
| 05/26/2020 05/26/20 | Price Changed | $280,000 | -6.7% | -- | |
| 04/21/2020 04/21/20 | For Sale | $300,000 | 0.0% | -- | |
| 01/28/2020 01/28/20 | Pending | -- | -- | -- | |
| 12/24/2019 12/24/19 | Price Changed | $300,000 | -14.3% | -- | |
| 12/18/2019 12/18/19 | For Sale | $350,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12318365
APN: 20243230140000
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