Property Overview
Interra Realty is pleased to present for sale 542 E 80th St in Chicago's Chatham neighborhood. This prominent corner property is an attractive brick masonry walk up. The unit mix in the building is comprised of two (2) 1Bd/1Ba and nine (9) 2Bd/1Ba apartments. The asset has been well maintained with a strong pride of ownership.
Each unit features individual furnaces and either hardwood floors or luxury vinyl plank flooring throughout. The property presents investors the opportunity to acquire a cash flowing property. Additional upside remains in the rent roll, with the potential to achieve a 12.5%+ cap rate through capturing market rents.
Highlights
- Predominantly two bedroom apartment layouts
- Cash flowing property with upside remaining in the rent
roll - Updated units and managed with strong pride of
ownership
Key Details
Sale Price
$880,000
Number of Units
Eleven (11)
Submarket
Chatham