951 E 86th ST new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60619
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 12,744 sqft
Price per Sqft $195
MLS Listing ID 12096532
Maintenance Fees $6,755
Year Built 1965
Annual Tax Amount $10,330
Tax Year 2022
Lot Size 0.350 Acres
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
Location
State IL
County Cook
Area Chi - Chatham
Zoning MULTI
Interior
Cooling Wall Sleeve
Exterior
Utilities Available Water-Municipal,Cable Available
Roof Type Composition
Building
Dwelling Type Multi Family 5+
Structure Type Brick,Concrete