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About the Listing 87625 - 887378
1619 E. 70th represents a turn-key investment opportunity in the desirable Jackson Park Highlands neighborhood. The building consists of seven units: six 2-bedroom, 1-bathroom apartments and a garden studio. It also has a 1-car garage that has been consistently rented for over four years. In 2021, the Property underwent an extensive gut renovation, including updates to all building mechanicals, common areas, and systems, with permits and a certificate of occupancy issued by the City of Chicago. Each unit is equipped with central heating and air conditioning, with tenants responsible for their own gas and electric utilities. Additionally, on-site coin laundry provides additional income. 1619 E. 70th is a five-minute walk from the Stony Island Metra stop, offering a seamless 20-minute commute into downtown Chicago. This Property offers a straightforward investment opportunity with projected cash-on-cash returns that are realistic as all major capital improvements are complete. Your management effort is simply keeping the building leased and keeping pace with market rent increases. -- BROKER OWNED --
Listing Highlights for 1619 E 70th St
Status
Active
Days on Site
179
Property Type
Multi-Family
MLS ®
12318365
Year Built
1932
Total Square Footage
0
Lot/Acreage
0.2ACRES
County
Cook
Area
CHI - South Shore
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Central Bldg Heat
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 0.2ACRES
- Zoning: MULTI
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $14,600
- Taxes w/Assessments: N/A
- Tax/Property ID: 20243230140000
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1619 E 70th St Chicago, IL 60649
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