1906 E 86th st - Multi-Family FOR SALE


Chicago, IL 60617- Calumet Heights
$910,000 USD
773-293-5032
1906 E 86th st, Chicago, IL for Sale
$910,000 USD
Multi-Family - FOR SALE
1/5
null | 10.7% Cap Rate

1906 E 86th st
Chicago, IL 60617
Calumet Heights


HIGHLIGHTS

  • Large Unit Layouts with the Ability to Add Additional Bedrooms
  • Prime Calumet Heights Location
  • New Hot Water Tanks
  • Modern Weil Mclain Boiler w/ R&D Control System

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase the sale of 1906 E. 86th St, a meticulously maintained thirteen (13) unit property in Chicago’s highly desirable Calumet Heights neighborhood. The building is nestled away on a quiet, tree-lined street, amongst single-family homes. Additionally, the building sits just a few blocks off the Dan Ryan Expressway, providing quick and easy access to downtown Chicago in roughly fifteen (15) minutes. 1906 E. 86th St is currently comprised of thirteen (13) 1Bd/1Ba. All of which, however, are incredibly spacious with hardwood floors and feature an abundance of natural light. Recent capital improvements to the building consist of, but not limited to: updated kitchens and baths, masonry and tuckpointing work, along with plumbing improvements. 1906 E. 86th St presents an investor an unique opportunity to acquire a strong, positive cash-flowing building in an incredibly desirable pocket of Calumet Heights. From day one, an investor will realize an in-place cap rate of 10.70% along with an equally impressive double-digit cash return of 20.64%.

FOR SALE DETAILS

PRICE

$910,000 USD

PRICE/SF

$86 USD /SF

# OF UNITS

13

PRICE/UNIT

$70,000

CAP RATE

10.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RS-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Aaron SklarKiser GroupMore Info
773-293-5032

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Aaron SklarKiser GroupMore Info
773-293-5032

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.