1619 East 70th, Chicago IL 60649
Property Description
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 --
Features & Information
Key Details
- List Price $999,000
- Property Taxes $14,600
- Price/ Sq. Ft. Unavailable
- Year Built 1932
- Status Active
Building Information
- Age of Building 26-35 Years
- Heating & Cooling Central Bldg Heat
Location
- County Cook
- Directions to Property Head W On 71st St Toward Cornell Ave (0.2 Mi) Turn N Onto Stony Island Ave (0.1 Mi) Turn W Onto 70th St (0.2 Mi) Destination 1619 E 70th St Will Be On Your Left.
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Property Taxes
- Tax 14600
- Parcel Identification Number 20243230140000
Listed by Dragos Morar for ROOFSPY LLC | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 3/31/2025 5:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore South Shore
Historic parks and extensive beaches meet down-to-earth, affordable living in this beautiful south side Chicago neighborhood. South Shore is a sprawling community that encompasses expansive public recreation space and ambitious civic organizations. The neighborhood cultural center acts as a hub for outdoor amusement with lengthy walking trails, a bird sanctuary, all-ages sports programs, and waterfront grounds that offer breathtaking views of downtown Chicago. When night falls in the summer, movies and live music take place at the center, bringing neighbors and families together. A healthy retail corridor along 71st Street gives the area a cosmopolitan touch and the selection of down-home cooking available at the restaurants in South Shore is enough to satisfy any comfort food craving.
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