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7852 S Eberhart Avenue, Chicago, IL

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7852 S Eberhart Avenue

Chicago, IL 60619-2810 - Chatham MF Submarket

Property Type:Multi-Family Number of Units:28 Status:Existing Year Built:1928
Stories:3 Building Size:31,640 SF Land Area:.38 AC (16,509 SF)
For Sale Price:$1,199,900 Price/Unit:$42,853.57 Cap Rate:11.08 % GRM:-



Sale Notes:
Extensive building rehab 2015 - 2016 $365,000 (Approximately). Retail portion is prime candidate for funds from the city for the new 'Neighborhood Opportunity Fund'. Three commercial spaces are rented with a fourth space in the application process. The remaining commercial spaces need various degrees of work to be returned to vanilla box condition. No Violations. Taxes 2014 payable 2015 $30,000.00

The subject is located on the northwest corner of E. 79th Street and S. Eberhart Ave on the border of Chatham and Greater Grand Crossing neighborhoods. The stretch of 79th Street where the property borders the two neighborhoods in more closely associated with Chatham than Greater Grand Crossing. Chatham is one of the 77 official community areas of Chicago.

Chicago Real Estate Resources
Timothy Keenan
(312) 228-4697

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