Chicago, IL 60617 1656 E 83rd Place

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Presented By: Triton Realty Group LLC
  • MLS# 12344596
  • 04/22/2025
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Home Details

Triton Realty Group LLC is proud to present 1656 E. 83rd Pl, a 9 unit building located in desirable south side neighborhood of Avalon Park. Unit mix consists of (4) 2bd 1ba's and (5) 1bd 1ba's. Units have been updated by current management with newer kitchens, newer baths and refinished hardwood flooring. Each unit has an individual forced air furnace and pays their own heat. Additional cap ex projects that have been done throughout the years: Tuck-pointing/2013, Exterior windows replaced/2014, Roof sealed 2023, Rear porches/2012, Rear gate/2015, security cameras, new carpets and refinished interior stairwells. Building presents an opportunity to build out the garden unit(9th unit) for additional income. Property is located in a very residential area surrounded by single family homes making it desirable for tenants and reducing turnover. Location is close to to 90 expressway, parks retail and a short drive away from Lake Michigan.
Presented By: Triton Realty Group LLC

General for 1656 E 83rd Place

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CountyCook
DirectionsFrom Stony Island, turn east onto 83rd Place to 1656. Property is on the NW corner of 83rd Pl/East End Ave
Electric Expense908
Fuel Expense2156
Gross Income106500
Insurance Expense7058
MLS AreaCHI - Avalon Park
MaintenanceExpense6113
Net Operating Income60553
Number Of Units Total9
Operating Expense40622
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount7388
Tax Year2023
Tenant PaysElectricity, Heat
Trash Expense2231
Water Sewer Expense2324
Year Built1928

Exterior for 1656 E 83rd Place

Lot Dimensions51' X 125'

Additional Details

Price History

Client Care

Price $850,000
MLS#12344596
List Date 04/22/2025
Property Type Multi-Family
Phone 847.485.2500
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