1502-1510 E 74th St

Investment Overview

33 Realty proudly presents an exclusive opportunity at 1502-1510 E 74th St in the Chicago South Shore neighborhood. This distinguished 10,700 SF multi-family mid-rise property presents twelve well-appointed apartment units at the corner of 74th St and Blackstone Ave. The property includes 11 one-bedroom, one-bathroom units; and 1 studio, one-bathroom units, each showcasing the timeless charm of classic Chicago design. Significant upgrades have been made to the property, including a new roof installed in 2016, upgraded windows with sleek aluminum frames, and modernized bathrooms. Tenants enjoy the benefit of landlord-paid heat and convenient coin-operated laundry facilities in the basement. The building is fully occupied with tenants on average three-year leases, reflecting strong demand. This investment opportunity offers a stable 12-unit property with attractive cash flows for multi-family investors. Positioned for strong returns, 1502-1510 E 74th St. boasts enticing amenities and consistent occupancy levels.

Investment Highlights

• Ability to raise rents by 16%
• Resides in the South Shore Neighborhood
• Within 45 minutes to Midway Airport
• Minutes to Lakeshore Drive, I-94, and I-90
• New roof layer in 2016
• Two washers & two dryers coin operated
• Apartment mix of studio and 1 bed's
• 40 amp service
• Renovated bathrooms
• Boiler System
• On the corner of E 74th and S Blackstone Ave