Seller's Agent in 2021
Kevin Rocio
@ Properties
(312) 972-4381
1 in this area
23 Total Sales
541 E 80th St Chicago, IL 60619
Chatham Neighborhood
17
Beds
9
Baths
--
Sq Ft
1925
Built
About This Home
As of February 2021ROC Advisory Group - @properties Commercial is pleased to present a 3-story Corner 9-unit Apartment Building located in the Chatham neighborhood of Chicago. The asset provides an opportunity for a qualified investor to purchase a well maintained, well located property with many long-term tenants. An Investor's Dream - this Previously Class 9 Designated Property (2005-2015) is once again eligible as of 11/2019 after undergoing $111,150 (completed 11/2019) in capital improvements and code violations remediation PLUS another $45,000 updating all but one apartment (545-2). 541 E 80th consists of (8) 2beds-1bath units along with (1) 1bed-1bath unit. Eight units underwent remodeling work between tenants. The work entailed the following items: repainting, floor sanding/refinishing, new blinds, ceiling fans, cabinets, vanities, light fixtures, sinks, faucets, closet hardware and new appliances. 2.08 Debt Coverage with 25% Down presents a unique opportunity to own a fully-occupied, well maintained cash cow with current below market rents located in a stable and quiet neighborhood just 1 block south of 79th St transportation and retail hub. * Complete List of Capital Improvements including dates & costs available upon request. ** Class 9 Paperwork available upon request. Email request for Offering Memorandum.
Last Agent to Sell the Property
@properties Commercial License #475128895 Listed on: 07/07/2020
Last Buyer's Agent
Non Member
NON MEMBER
Property Details
Home Type
- Multi-Family
Year Built
- 1925
Home Design
- Brick Exterior Construction
- Slab Foundation
Utilities
- Window Unit Cooling System
Community Details
- Fuel Expense $9,740
- Insurance Expense $3,019
- Manager Expense $4,158
Listing and Financial Details
- Tenant pays for electric
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/12/2021 02/12/21 | Sold | $350,000 | 0.0% | -- |
| 01/08/2021 01/08/21 | Pending | -- | -- | -- |
| 12/31/2020 12/31/20 | Off Market | $350,000 | -- | -- |
| 12/18/2020 12/18/20 | For Sale | $495,000 | 0.0% | -- |
| 11/10/2020 11/10/20 | For Sale | $495,000 | 0.0% | -- |
| 11/09/2020 11/09/20 | Pending | -- | -- | -- |
| 10/17/2020 10/17/20 | Pending | -- | -- | -- |
| 10/06/2020 10/06/20 | For Sale | $495,000 | 0.0% | -- |
| 10/06/2020 10/06/20 | Price Changed | $495,000 | -12.4% | -- |
| 07/26/2020 07/26/20 | Pending | -- | -- | -- |
| 07/07/2020 07/07/20 | For Sale | $565,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,979 | $58,595 | $8,677 | $49,918 |
| 2024 | $10,979 | $58,595 | $8,677 | $49,918 |
| 2023 | $10,702 | $52,034 | $5,038 | $46,996 |
| 2022 | $10,702 | $52,034 | $5,038 | $46,996 |
| 2021 | $7,038 | $35,000 | $5,038 | $29,962 |
| 2020 | $9,445 | $42,396 | $5,038 | $37,358 |
| 2019 | $8,518 | $42,396 | $5,038 | $37,358 |
| 2018 | $8,375 | $42,396 | $5,038 | $37,358 |
| 2017 | $10,656 | $49,500 | $4,198 | $45,302 |
| 2016 | $8,184 | $40,861 | $4,198 | $36,663 |
| 2015 | $7,488 | $40,861 | $4,198 | $36,663 |
| 2014 | $6,422 | $34,614 | $4,198 | $30,416 |
| 2013 | $6,295 | $34,614 | $4,198 | $30,416 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Rocio
-
Sharial Howard
Seller Co-Listing Agent in 2021
Sharial Howard
@ Properties
(217) 722-0135
97 Total Sales
-
N
Buyer's Agent in 2021
Non Member
NON MEMBER
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: MRD10773030
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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