2151 E 87th St - Apartments FOR SALE


Chicago, IL 60617- Calumet Heights
$1,950,000 USD
847-778-8746
2151 E 87th St, Chicago, IL for Sale
$1,950,000 USD
Apartments - FOR SALE
1/11
null | 7.49% Cap Rate

2151 E 87th St
Chicago, IL 60617
Calumet Heights


HIGHLIGHTS

  • Fully stabilized building with rental upside
  • 13 rear parking spots and coin laundry for additional income
  • New high efficiency boilers (2021), roof tear off (2020), insulated hot water pipes (2020), updated common area and security cameras (2020)

OVERVIEW

Triton Realty Group LLC is proud to present 2153 E. 87th, an 18-unit courtyard building located in a desirable neighborhoods of Avalon Park/Calumet Heights. Unit mix consists of (6) 2bd 1ba's and (12) 1bd 1ba's. Building improvements include new tear off shingle roof with insulated roof cavity and new gutters and downspouts (2020), insulated hot water pipes (2020), two modulating high-end efficient radiant heat boilers (2021), common area carpet in front and refinished rear stairwells, new electrical fixtures in front and rear stairwells, security cameras (2020). Strong in place income with opportunity to raise to market rents. Additional income from parking and laundry. Location is close to 90 expressway, parks, retail and a short drive away from Lake Michigan.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$137 USD /SF

# OF UNITS

18

PRICE/UNIT

$108,333

CAP RATE

7.49%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2153 E. 87th

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,445 SF

ZONING

B3-2

APN/PARCEL ID

25-01-203-047-0000

ASK ABOUT THIS PROPERTY

Matthew FritzshallTriton Realty Group, LLCMore Info
847-778-8746

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Matthew FritzshallTriton Realty Group, LLCMore Info
847-778-8746

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