$999,000
1619 E 70th Street
Chicago, IL, 60649
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 —
Property Details
Price:
$999,000
MLS #:
MRD12318365
Status:
Active
Beds:
0
Baths:
0
Address:
1619 E 70th Street
Type:
Commercial
Neighborhood:
CHI – South Shore
City:
Chicago
Listed Date:
Mar 21, 2025
State:
IL
ZIP:
60649
Year Built:
1932
Schools
Interior
Exterior
Financial
Tax Year
2023
Taxes
$14,600
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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1619 E 70th Street
Chicago, IL
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