Properties

Features
: Wall Sleeve
: Water-Municipal , Cable Available
Address Map
US
IL
Cook
Chicago
60619
86th
951
Street
W88° 23' 56.5''
N41° 44' 18.3''
Cottage Grove to 86th Street, go East three blocks to the cul-de-sac. Building is on the right and adjacent to the Metra train tracks.
CHI - Chatham
E
MULTI
Additional Information
12744
: Brick , Concrete
: Multi-Family
Circuit Breakers,Separate Meters,Service - 201 to 600 Amps
: Concrete Perimeter , Block
TRIANGULAR 76.17FT FRONTAGE X 397.9 ALLEY X 404.8 REAR
15
Condominium,Multi-Family,Special Use,Elderly Housing,Single Room Occupancy
3
James Pappas
James Pappas
Financial
10330
Listing Information
111350
88461
Active
2024-10-19T05:06:02Z
MRED
2024-10-19T05:05:27Z
Property Description

Exceptional opportunity 15 unit, 8 garage, fully occupied (one unit under renov.) | $201k NOI, 8% CAP | Stable tenants, with multi-year leases remaining (18.1 mo avg)–some to 2028, provide value-add NPV boost | $24k monthly cash flow from eight 2bed, seven 1bed, eight single garages, coin laundry | 7 space value-add fee parking | 5.3 yr avg tenant-tenure, desirable units, EZ transportation, apartment wait list | Inflation hedge with annual subsidized rent increases | 20yr same owner | East Chatham, 72 “Good” mobility, quiet, tree-lined, adjacent Metra (87th St/Woodruff), 1 mi to I-94, 1 mi to CTA Red Line | Zero-deferred maintenance: high-efficiency boiler (2024), garage roof (2024), security cameras/system (2023), tuckpointing (2021), coin laundry (2021), garage doors (2021), crawlspace drain tile (2021), 50yr HD roof (2018)–warranty through 2028, low-E aluminum windows, R-40 attic insulation

Commercial Sale For Sale

951 E 86th Street, Chicago, Illinois 60619

  • Lot Size: 0.35 Acre
$2,497,000
Listing ID#12096532
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12096532
Price : $2,497,000
Year Built : 1965
Lot Size : 0.35 Acre
Listing Status : Active
Roof : Composition
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