704 E. 80th StChicago, IL 60619
- Residential income homes
Property Details for 704 E. 80th St
- Property type
- Residential income homes
- Property subtype
- Residential income properties
Description
Kiser Group is pleased to exclusively offer for purchase 704 E. 80th St, a meticulously maintained nine (9) unit building in Chicago's historic Chatham neighborhood. Located just one (1) block south of the 79th Street Corridor, the building offers convenient access to CTA bus and train stops, I-94, and Chicago's downtown. 704 E. 80th is solely comprised of nine (9) 2Bd/1Ba units, all of which feature recently updated kitchens and baths with hardwood floors throughout. Recent improvements to the building include, but are not limited to, modern Weil-McLain boiler, copper plumbing, newer hot water tank (2021), and updated, code-compliant porches. 704 E. 80th presents an investor with the opportunity to acquire a stabilized, cash flowing asset in one of the South Side's most sought after neighborhoods. From day one, an investor will realize a cap rate over 8.6% and a cash return of 11.7%. Furthermore, by raising rents to levels already being achieved in the building and surrounding area, an investor could achieve a cap rate over 13% and a cash return of nearly 30%.
Location Insight
- City
- Chicago
- County
- State
- Illinois
- Latitude
- 41.7504
- Longitude
- -87.6391
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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