ROC Advisory Group - @properties Commercial is pleased to present a 3-story Corner 9-unit Apartment Building located in the Chatham neighborhood of Chicago. The asset provides an opportunity for a qualified investor to purchase a well maintained, well located property with many long-term tenants. An Investor's Dream - this Previously Class 9 Designated Property (2005-2015) is once again eligible as of 11/2019 after undergoing $111,150 (completed 11/2019) in capital improvements and code violations remediation PLUS another $45,000 updating all but one apartment (545-2). 541 E 80th consists of (8) 2beds-1bath units along with (1) 1bed-1bath unit. Eight units underwent remodeling work between tenants. The work entailed the following items: repainting, floor sanding/refinishing, new blinds, ceiling fans, cabinets, vanities, light fixtures, sinks, faucets, closet hardware and new appliances. 2.08 Debt Coverage with 25% Down presents a unique opportunity to own a fully-occupied, well maintained cash cow with current below market rents located in a stable and quiet neighborhood just 1 block south of 79th St transportation and retail hub. * Complete List of Capital Improvements including dates & costs available upon request. ** Class 9 Paperwork available upon request. Email request for Offering Memorandum.
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Listing History
07-07-2020
Listed at $565,000
07-27-2020
Status changed to Under Contract
10-06-2020
Price decreased by $70,000 to $495,000
10-06-2020
Status changed to Active
10-18-2020
Status changed to Under Contract
11-10-2020
Status changed to Active
11-10-2020
Status changed to Under Contract
12-18-2020
Status changed to Active
01-01-2021
Status changed to Expired
01-11-2021
Status changed to Under Contract
02-12-2021
Status changed to Closed
02-12-2021
Sold at $350,000
Last Modified 2/12/21 1:39 PM
Nearby Transportation
Bus 79
0.1 mi
Bus 3
0.2 mi
Bus 4
0.3 mi
Bus 75
0.6 mi
Bus 29
0.7 mi
Bus 24
0.9 mi
Bus 8A
0.9 mi
Bus 87
0.9 mi
Bus 30
1.0 mi
Bus 71
1.1 mi
Metra Electric
0.7 mi
Red Line
0.7 mi
I 94 West
0.7 mi
I 94 East
0.8 mi
I 90 East
1.0 mi
I 90 West
2.4 mi
Hwy 57
2.4 mi
Hwy 57
2.9 mi
For More Information
(312) 528-9200
For more information about 541 E 80th, Chicago, IL 60619 contact Corcoran Urban Real Estate.
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