124 81St StChicago, IL 60620
- Commercial real estate
- 5,048 SF
Property Details for 124 81St St
- Year built
- 1930
- Property size (Sq ft)
- 5,048 SF
- Property type
- Commercial real estate
Description
This well-maintained six-unit multifamily property located at 124 W 81st St, Chicago, IL 60620, presents a compelling investment opportunity. Boasting a substantial 5,048 square feet, the two-story brick building features six units, all currently occupied with long-term leases, ensuring consistent cash flow. The property includes a full basement and a detached four-car garage, adding significant value. Recent upgrades include a new tuck point, new concrete at the rear of the building, newer glass block basement windows, freshly painted entry doors and trim, and three newer kitchens. The building is equipped with six stoves, six refrigerators, and coin-operated washers and dryers (two of each). Mechanical systems are in good condition, with a four-year-old water heater and a nine-year-old furnace. The property is situated on a quiet residential street, conveniently located near major highways and a train station. The property's strong financials are highlighted by a 9.50% cap rate and a net operating income (NOI) of $50,517, with an asking price of $529,900. The property is zoned R3. The Cook County Assessor's Parcel Number (APN) is 20332130310000. Serious inquiries only; 48-hour notice required.
Location Insight
- City
- Chicago
- County
- Cook
- State
- Illinois
- Latitude
- 41.7475
- Longitude
- -87.628
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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