Multifamily Housing
2320 East 70th Place Chicago, IL 60649

Details & Description

Price: $895,000

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

Property ID: 219483
Property URL: melqr.com/219483
Generated: 04-28-24

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.

Illinois / Chicago / 60649 / 2320 East 70th Place

2320 East 70th Place

Chicago, IL 60649

Listing ID: 219483

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Building Size: 7,250 SF

Lot Size: 0.176 AC

Land Size: 7,680 SF

Building $/SF: $123.45

Land $/SF: $116.54

Price

$895,000

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

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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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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 Population		45,639	240,006	452,390
Population Median Age		39	38	38
Population by Age	0-9 Yrs	5472 (11%)	25818 (10%)	53658 (11%)
	10-19 Yrs	5119 (11%)	27885 (11%)	57299 (12%)
	20-29 Yrs	6956 (15%)	45296 (18%)	76388 (16%)
	30-39 Yrs	7109 (15%)	33641 (14%)	60324 (13%)
	40-49 Yrs	5836 (12%)	27746 (11%)	53163 (11%)
	50-59 Yrs	5264 (11%)	28229 (11%)	55684 (12%)
	60-69 Yrs	5689 (12%)	27481 (11%)	50035 (11%)
	70+ Yrs	4193 (9%)	23909 (9%)	45839 (10%)

Median HH Income		$30,498	$37,895	$36,366
Total Household Income	< 24K	9944 (44%)	40817 (37%)	74529 (38%)
	25-49K	4992 (22%)	24369 (22%)	44595 (22%)
	50-74K	2969 (13%)	15601 (14%)	27852 (14%)
	75-99K	1412 (6%)	10560 (9%)	18250 (9%)
	100-199K	2288 (10%)	14898 (13%)	24590 (12%)
	200K+	527 (2%)	3947 (3%)	5715 (2%)

Highest Education Level	No Diploma	3116	16482	38963
	Diploma or GED	7561	36385	76320
	Some College	9437	39379	74913
	Assoc. Degree	2991	11883	22221
	Bachelors Degree	4808	28611	47649
	Higher Degree	3975	31481	44571

Total Housing Units		26,807	133,844	238,446
--Owner-Occupied		4,199	33,466	64,973
--Renter-Occupied		17,933	76,727	130,558
Owner-Occupied Values	< 100K	1421	6933	15001
	100-199K	1294	14339	29484
	200-299K	861	6216	10536
	300-399K	256	2194	3800
	400-499K	165	1336	2180
	500K+	203	2448	3972

Total Working Age Population		36,786	198,887	365,289
In Work Force		23,047	120,444	218,484
Not In Work Force		13,739	78,443	146,805
Workforce Employed		19,639	104,357	184,906
Workforce Unemployed		3,408	15,914	33,330
Civlian Workforce		23,047	120,271	218,236
Military Workforce		0	173	248

Total Households		22,133	110,193	195,531
Family Households		8,130	46,158	92,878
Non-Family Households		14,003	64,035	102,653
Married Couple		2,508	18,402	34,159
Other Family		5,622	27,755	58,719
Married w/Child		932	6,504	12,337
Single Male w/Child		193	1,364	3,565
Single Female w/Child		2,771	11,094	23,503

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Illinois	12,419,293	+3	12,830,632	+12	14,316,487	+6	15,138,849
Cook County	5,376,741	-3	5,194,675	+10	5,707,832	+5	5,990,243
Will County	502,266	+35	677,560	+34	907,625	+20	1,093,207
Indiana	6,080,485	+7	6,483,802	+4	6,738,573	+4	7,014,880
Lake County	484,564	+2	496,005	-3	479,815	+1	482,321

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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.

Common Questions and Answers

What is the asking price for 2320 East 70th Place in Chicago?

The asking price for 2320 East 70th Place is $895,000

What is the building size of this Multifamily property in Chicago, IL?

The size of the building/unit at 2320 East 70th Place in Chicago is 7,250 square feet

How much land does the Chicago, IL property at 2320 East 70th Place include?

2320 East 70th Place in Chicago includes 0.176 acres of land

What is the population within 1 mile of 2320 East 70th Place in Chicago?

The population within 1 mile of 2320 East 70th Place Chicago, IL 60649 is 45,639 people.

Who do I contact for questions about 2320 East 70th Place?

You should contact the listing agent, Jeffrey Baasch, for any details regarding this commercial listing.

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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