Multifamily Housing - For Sale
2320 East 70th Place Chicago, IL 60649
Details & Description
Price: $895,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.176
  • Building Sq Ft 7,250
  • Building Price per Sq Ft $123.45
  • Land Sq Ft 7,680
  • Land Price per Sq Ft $116.54
SVN Chicago Commercial is pleased to present an 8-unit multifamily property located in Chicago's south side neighborhood of Jackson Park Highlands. The building consists of a desirable unit mix of [2] 2 bed, 2 bath, and [6] 3 bed, 2 bath, large condo-quality units. Recent updates to each unit include individual HVAC units, individual hot water tanks, in-unit washers/dryers, updated electric, and newer aluminum windows. The property has garage parking. The property, built in 1914, is zoned RM-5 and situated on a 7,680 sq.ft. parcel of land.The property has favorable financing that can be assumed. The loan is with Freddie Mac at an attractive 4.27% interest rate. More information on the assumable loan is available upon request.HighlightsPrime Jackson Park Highlands LocationCondo QualityDesirable Unit Mix: [2] 2 Bed, 2 Bath, [6] 3 Bed, 2 BathAssumable Favorable Freddie Mac Loan
Listing Agents
Jeffrey Baasch

O: 312-676-1873
M: 312-286-0141
Jeffrey.baasch@svn.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

2320 East 70th Place

Chicago, IL 60649

Listing ID: 219483
$895,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.176
  • Building Sq Ft 7,250
  • Building Price per Sq Ft $123.45
  • Land Sq Ft 7,680
  • Land Price per Sq Ft $116.54
  • 2320 East 70th Place Chicago, IL 60649 | for Sale | Photo 1
  • 2320 East 70th Place Chicago, IL 60649 | for Sale | Photo 2
  • 2320 East 70th Place Chicago, IL 60649 | for Sale | Photo 3
2320 East 70th Place | for Sale | Thumbnail 1
2320 East 70th Place | for Sale | Thumbnail 2
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Description

SVN Chicago Commercial is pleased to present an 8-unit multifamily property located in Chicago's south side neighborhood of Jackson Park Highlands. The building consists of a desirable unit mix of [2] 2 bed, 2 bath, and [6] 3 bed, 2 bath, large condo-quality units. Recent updates to each unit include individual HVAC units, individual hot water tanks, in-unit washers/dryers, updated electric, and newer aluminum windows. The property has garage parking. The property, built in 1914, is zoned RM-5 and situated on a 7,680 sq.ft. parcel of land.

The property has favorable financing that can be assumed. The loan is with Freddie Mac at an attractive 4.27% interest rate. More information on the assumable loan is available upon request.

Highlights

Prime Jackson Park Highlands Location

Condo Quality

Desirable Unit Mix: [2] 2 Bed, 2 Bath, [6] 3 Bed, 2 Bath

Assumable Favorable Freddie Mac Loan

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Chicago History of Multifamily Housing for Sale

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Chicago Area Market Trends

Listing Demographics for 2320 East 70th Place Chicago, IL 60649

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population45,639240,006452,390
Population Median Age393838
Population by Age0-9 Yrs5472 (11%)25818 (10%)53658 (11%)
10-19 Yrs5119 (11%)27885 (11%)57299 (12%)
20-29 Yrs6956 (15%)45296 (18%)76388 (16%)
30-39 Yrs7109 (15%)33641 (14%)60324 (13%)
40-49 Yrs5836 (12%)27746 (11%)53163 (11%)
50-59 Yrs5264 (11%)28229 (11%)55684 (12%)
60-69 Yrs5689 (12%)27481 (11%)50035 (11%)
70+ Yrs4193 (9%)23909 (9%)45839 (10%)
Median HH Income$30,498$37,895$36,366
Total Household Income< 24K9944 (44%)40817 (37%)74529 (38%)
25-49K4992 (22%)24369 (22%)44595 (22%)
50-74K2969 (13%)15601 (14%)27852 (14%)
75-99K1412 (6%)10560 (9%)18250 (9%)
100-199K2288 (10%)14898 (13%)24590 (12%)
200K+527 (2%)3947 (3%)5715 (2%)
Highest Education LevelNo Diploma31161648238963
Diploma or GED75613638576320
Some College94373937974913
Assoc. Degree29911188322221
Bachelors Degree48082861147649
Higher Degree39753148144571
Total Housing Units26,807133,844238,446
--Owner-Occupied4,19933,46664,973
--Renter-Occupied17,93376,727130,558
Owner-Occupied Values< 100K1421693315001
100-199K12941433929484
200-299K861621610536
300-399K25621943800
400-499K16513362180
500K+20324483972
Total Working Age Population36,786198,887365,289
In Work Force23,047120,444218,484
Not In Work Force13,73978,443146,805
Workforce Employed19,639104,357184,906
Workforce Unemployed3,40815,91433,330
Civlian Workforce23,047120,271218,236
Military Workforce0173248
Total Households22,133110,193195,531
Family Households8,13046,15892,878
Non-Family Households14,00364,035102,653
Married Couple2,50818,40234,159
Other Family5,62227,75558,719
Married w/Child9326,50412,337
Single Male w/Child1931,3643,565
Single Female w/Child2,77111,09423,503

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Illinois12,419,293+312,830,632+1214,316,487+615,138,849
Cook County5,376,741-35,194,675+105,707,832+55,990,243
Will County502,266+35677,560+34907,625+201,093,207
Indiana6,080,485+76,483,802+46,738,573+47,014,880
Lake County484,564+2496,005-3479,815+1482,321

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Chicago Midway International Airport (MDW) 10
Chicago O'Hare International Airport (ORD) 23
South Bend Regional Airport (SBN) 65
Listing Agent
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