2666-2670 E 78th St - Apartments FOR SALE


Chicago, IL 60649- South Shore
$1,150,000 USD
248-977-0226
2666-2670 E 78th St, Chicago, IL for Sale
$1,150,000 USD
Apartments - FOR SALE
1/8
null | 11% Cap Rate

2666-2670 E 78th St
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • Highly Desirable Unit Mix: 2 and 3 Bedroom Layouts
  • Gut Renovated With Condo Quality Finishes Throughout
  • In-Unit Furnaces and Water Tanks
  • Strong In Place Rents
  • Updated Plumbing and Electric
  • Fast Appreciating South Shore Location

OVERVIEW

Interra Realty has been exclusively engaged to present for sale 2666-70 E. 78th St. Located in Chicago's historic South Shore neighborhood, the subject property is a 10 unit building featuring a strong unit mix of (8) 2 BD/1 BA & (2) 3 BD/1 BA. The building has been gut renovated with updated electric and plumbing. Current ownership has made significant cosmetic updates featuring condo quality finishes throughout with upgraded appliances. The units feature individual furnaces and water tanks. 2666-70 E. 78th St. presents qualified investors the opportunity to acquire a turn key, gut renovated, condo quality asset with the ability to achieve top of market rental rates in one of Chicago's fastest appreciating south side markets.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

10

PRICE/UNIT

$115,000

CAP RATE

11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,624 SF

ZONING

R4, Chicago

APN/PARCEL ID

21-30-323-032-0000

ASK ABOUT THIS PROPERTY

Max GrossmanInterra RealtyMore Info
248-977-0226

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Max GrossmanInterra RealtyMore Info
248-977-0226

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.