1619 E 70th Street
Chicago, IL, 60649
$999,000
Beds
0 Baths
0 SqFt
0 Acres
Add
Add
$999,000
1619 E 70th Street
Chicago, IL, 60649
MLS #MRD12318365 img 0MLS #MRD12318365 img 1MLS #MRD12318365 img 2MLS #MRD12318365 img 3MLS #MRD12318365 img 4MLS #MRD12318365 img 5MLS #MRD12318365 img 6MLS #MRD12318365 img 7MLS #MRD12318365 img 8MLS #MRD12318365 img 9MLS #MRD12318365 img 10MLS #MRD12318365 img 11MLS #MRD12318365 img 12MLS #MRD12318365 img 13MLS #MRD12318365 img 14MLS #MRD12318365 img 15MLS #MRD12318365 img 16MLS #MRD12318365 img 17
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

Net Operating Income
$72,136
Tax Year
2023
Taxes
$14,600
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing

Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

More About Debra

Mortgage Calculator

 

Map

Similar Listings Nearby

1619 E 70th Street
Chicago, IL