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635 - 639 E 79th Street, Chicago, IL

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635 - 639 E 79th Street

Chicago, IL 60619-3036 - Chatham MF Submarket

Property Type:Multi-Family Number of Units:16 Status:Existing Year Built:1927
Stories:3 Building Size:19,569 SF Land Area:.16 AC (7,126 SF)
For Sale Price:$275,000 Price/Unit:$17,187.50 Cap Rate:9.00 % GRM:-


Value-Add mixed-use 22 unit terracotta building located in the East Chatham Neighborhood. Features 16 apartments and 6 storefronts for plenty of cash flow. Unit mix: 11 1 br; 1- 2 br; 4 studios. Upgrades include the boiler, kitchens and baths in the units and tuckpointing. Easy access to Dan Ryan and Lake Shore Drive and situated in very busy 79th street commercial corridor. Great upside potential!
Cottage Grove north or south to 79th street and west to the property

This building is registered with the U.S. Green Building Council and is seeking LEED certification.

Sale Notes:
16 apartments: studio, 1 bedroom, and 2 bedroom units.
6 retail/commercial spaces.
Currently, 3 apartments occupied and 2 retail/commercial spaces rented.

Clark Maple, LLC
Michelle Jarrell
(773) 658-0232

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