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10.6% Cap rate! We are pleased to present for sale 622-624 W 79th Street, an eight-unit mixed-use investment property in the neighborhood of Auburn Park in Chicago, Illinois. The property was extensively rehabbed in 2020-2021 - all units (including commercial) have in-unit gas-forced heat and hot water tanks and were gutted to the studs. The two commercial spaces were recently leased to one tenant over a 37-month term at $3,000/month with 2.5% annual escalations. The six apartments have intentionally been left vacant for a new investor to fill: 2 two-bedroom / one-bathroom, 1 two-bedroom / two-bathroom, & 3 three-bedroom / one-bathroom units. The second floor has coin laundry for residents and there is a vacant two car garage in the rear. PLEASE SEE OR REQUEST OFFERING MEMORANDUM FOR FINANCIALS & ADDITIONAL INFORMATION.

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Listed by Thomas Hart of 33 Realty

Based on information submitted to MRED  as of December 3, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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