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1210 W 83rd St
Chicago, IL 60620 Gresham

$899,926 USD

Apartments For Sale  •  25,695 SF

Property Details

  • Property Type Apartments
  • Total Building Size 25,695 SF
  • Lot Size 0.29 AC
  • Building Class C
  • Year Built 1931
  • Cap Rate 24.50 %
  • Zoning B3-2
60 Transit Score
70 Walk Score

Highlights

Recent capital improvements including 5 recently remodeled vacant units
All Vinyl Windows
Significant value add potential

Financial Summary (Proforma)

Net Operating Income: $220,000 USD (2026)
Cap Rate: 24.50 %
Total Expenses: $44,000 USD

Major Tenants

Tenant SF Occupied Lease End Date
Odo's African Hair Braiding

Amenities

  • Laundry Facilities
  • Storage Space
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Pantry
  • Porch
  • Vinyl Flooring
  • Public Transportation
  • Smoke Detector
  • Quartz Countertops

Public Transportation

Commuter RailDriveWalkDistance
Gresham Station (Rock Island District Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 18 min 0.9 mi
Brainerd Station (Rock Island District Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 19 min 1.0 mi
AirportDriveWalkDistance
Chicago Midway International 16 min - 8.7 mi
Chicago O'Hare International 44 min - 28.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Peter Chrysanthou 708-691-0833 Prime Real Estate Group
Peter Chrysanthou 708-691-0833 Prime Real Estate Group