3064 East 79th Street
3064 East 79th Street
$950,000
18
9
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Description
3064 E. 79th is an incredibly spacious (9) unit property located in Chicago's South Shore neighborhood. Right off of Lake Michigan and Rainbow Beach Park, the building sits within walking distance of an abundance of public transportation options. Additionally, for quick and convenient transportation, the asset is nearby to Chicago's Lake Shore Drive which provides tenants easy access to Chicago's downtown in roughly fifteen minutes. 3064 E. 79th is currently comprised of nine (9) Oversized 2b/1ba...3064 E. 79th is an incredibly spacious (9) unit property located in Chicago's South Shore neighborhood. Right off of Lake Michigan and Rainbow Beach Park, the building sits within walking distance of an abundance of public transportation options. Additionally, for quick and convenient transportation, the asset is nearby to Chicago's Lake Shore Drive which provides tenants easy access to Chicago's downtown in roughly fifteen minutes. 3064 E. 79th is currently comprised of nine (9) Oversized 2b/1ba units. The units all feature hardwood flooring throughout and updated tiling in the kitchen. Furthermore, additional improvements to the building consist of but are not limited to, updated electric, newer windows, an updated and newly coated roof, separate and individual HVAC furnaces, and a paved parking lot in the rear. Given the location and size of the units, there is an incredibly large demand for apartments such as these. 3064 E. 79th presents an investor with a unique opportunity to acquire a strong, positive cash flowing building with an in-place cap rate of over 8.2%. Given the quality of the units coupled with the prime location, by releasing and increasing rents to levels already being achieved in the building, an investor could increase the cap rate to just under 10.00%.
- Listed by Aaron Sklar • Kiser Group Realty Inc
- Listed by Noah Birk • Kiser Group Realty Inc
Property Details for 3064 East 79th Street
Area
CHI - South Chicago
Location
LISTING UPDATED: 03/19/2024 12:45 PM
Property Details for 3064 East 79th Street
Status | Active |
---|---|
MLS # | 11986480 |
Days on Market | 100 |
Taxes | $8,742 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Garden Complex |
Year Built | 1923 |
Lot Size | 0.12 AC / 5,290 SF |
County | Cook County |
Location
Building Information for 3064 East 79th Street
Stories-Residences9Year Built1923Building Size-Lot Size0.12 AC / 5,290 SF
Payment Calculator
$5,913 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3064 East 79th Street
Property History for 3064 East 79th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 3064 East 79th Street
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 4 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Powell Elementary Paideia Community Academy PublicPK to 8 | ||
Chicago Vocational Career Academy High School Public9 to 12 | ||
CAMELOT SAFE ACADEMY SCHOOL Public4 to 12 | ||
Epic Academy High School Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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