Skip to main content

Multifamily

716 E 81st St

716 E 81st St, Chicago, IL 60619

Listing Price: $820,000

Cap Rate
6.74%
Number of Units
12
Occupancy
95.0%
Price/Unit
$68,333
Price/Gross SF
$82.83
Gross SF
9,900

Investment Overview

Marcus & Millichap is pleased to present this multifamily real estate opportunity located in the Chatham neighborhood of Chicago. The subject property of 716 East 81st Street is located 11.2 miles south of Chicago's downtown loop area, 1.2 miles east of the Chicago Transit Authority's (CTA) 79th Street Red Line train station, 0.7 miles northwest of the 83rd Street Metra Electric train station, and 500 feet from the CTA's Cottage Grove and 81st Street bus 4 stop. The unit mix for the subject property consists of six one-bedroom / one-bathroom units that measure 700 square feet and six two-bedroom / one-bathroom units that measure 900 square feet. The neighborhood of Chatham is one of the 77 community areas within the city of Chicago. The subject property is just blocks from a major retail and shopping corridor of 79th Street. There are plenty of restaurants and neighborhood shopping centers within walking distance from the subject property. The neighborhood offers an opportunity for excellent capital appreciation, strong yields, and a growing demand for renters. An investor can take full advantage of this real estate opportunity by capitalizing on the ability to raise current rents and cash flow the property.

Investment Highlights

  • Chatham Neighborhood
  • Attractive Unit Mix With Rental Upside
  • Recently Updated Kitchens and Baths
  • Walking Distance to CTA and Metra Transportation

Exclusively Listed By

Multifamily

716 E 81st St

Listing Price: $820,000

Cap Rate
6.74%
Number of Units
12
Occupancy
95.0%
Price/Unit
$68,333
Price/Gross SF
$82.83
Gross SF
9,900

Investment Highlights

  • Chatham Neighborhood
  • Attractive Unit Mix With Rental Upside
  • Recently Updated Kitchens and Baths
  • Walking Distance to CTA and Metra Transportation

Investment Overview

Marcus & Millichap is pleased to present this multifamily real estate opportunity located in the Chatham neighborhood of Chicago. The subject property of 716 East 81st Street is located 11.2 miles south of Chicago's downtown loop area, 1.2 miles east of the Chicago Transit Authority's (CTA) 79th Street Red Line train station, 0.7 miles northwest of the 83rd Street Metra Electric train station, and 500 feet from the CTA's Cottage Grove and 81st Street bus 4 stop. The unit mix for the subject property consists of six one-bedroom / one-bathroom units that measure 700 square feet and six two-bedroom / one-bathroom units that measure 900 square feet. The neighborhood of Chatham is one of the 77 community areas within the city of Chicago. The subject property is just blocks from a major retail and shopping corridor of 79th Street. There are plenty of restaurants and neighborhood shopping centers within walking distance from the subject property. The neighborhood offers an opportunity for excellent capital appreciation, strong yields, and a growing demand for renters. An investor can take full advantage of this real estate opportunity by capitalizing on the ability to raise current rents and cash flow the property.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower