619 E 74th St | Chicago, IL 60619
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
619 E 74th St
Chicago, IL 60619
Residential Property For Sale · 6 Units
Executive Summary
Stunning, all brownstone and brick corner lot 6 flat in Greater Grand Crossing on a 125 X 50' double lot! This building and its extra full sized lot take up the entire block! 2 minutes to I-90 and 1-94! Completely rehabbed in 2015, all units have living room/dining room combos, spacious and sunny bedrooms and beautifully designed eat in kitchens and baths. There are no garden units, only first and second floor apartments! Use your full sized lot to build your next 6 flat or exterior parking spaces! The layout is as follows: Unit 619 1 & 2 and Unit 623 1 & 2 are 3 bed / 1bth. Unit 621 1 & 2 are 2 bed / 1bth. All tenants are up to date on rent and pay their own gas and electric bill and individual gas and electric meter, furnace and water heater. Units have central heat no central AC, window units only. Landlord only pays common electric meter for common hallway lights, there is no common gas meter. Immediate cash flow with NOI (including 5% vacancy): $48,020, GRM: 10.8, Cap rate 8.4. Increase rents for an unbeatable asset in this quickly appreciating, very popular South Side neighborhood. Can be purchased with neighboring 6 flat
PROPERTY FACTS
| Price Per Unit | £75,066 | Property Subtype | Apartment |
| Sale Type | Investment | Apartment Style | Single Family Home |
| Net Initial Yield | 8.40% | Building Class | C |
| Gross Rent Multiplier | 10.8 | Building Size | 10,000 SF |
| No. Units | 6 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1905/2000 |
| Price Per Unit | £75,066 |
| Sale Type | Investment |
| Net Initial Yield | 8.40% |
| Gross Rent Multiplier | 10.8 |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | C |
| Building Size | 10,000 SF |
| Number of Floors | 2 |
| Year Built/Renovated | 1905/2000 |
PROPERTY TAXES
| Parcel Number | 20-27-228-019-0000 | Improvements Assessment | £25,221 |
| Land Assessment | £4,389 | Total Assessment | £29,610 |
PROPERTY TAXES
Parcel Number
20-27-228-019-0000
Land Assessment
£4,389
Improvements Assessment
£25,221
Total Assessment
£29,610
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
