About 619 East 74th Street
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 meters, 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): $48,488, GRM: 7.1, Cap rate 10. Easily Increase rents for an unbeatable asset in this quickly appreciating, very popular South Side neighborhood. AS IS SALE
Features of 619 East 74th Street
| MLS® # | 11631514 |
|---|---|
| Price | $529,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1905 |
| Type | Commercial Sale |
| Sub-Type | Multi Family 5+ |
| Status | Contingent |
Community Information
| Address | 619 East 74th Street |
|---|---|
| Area | CHI - Greater Grand Crossing |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60619 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Additional Information
| Days on Market | 450 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | @properties Christie's International Real Estate |
|---|