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1613 W 87th St
Chicago, IL 60620 Gresham

$875,000 USD

Apartments For Sale  •  8,700 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,700 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1929
  • Cap Rate 11.02 %
  • Zoning B3-2
62 Transit Score
83 Walk Score

Highlights

All residential units feature electric baseboard heat and have individual hot water heaters in unit. This takes out the risk of a major capital expend
Besides the long term retail tenant that occupies both retail spaces, the residential rent roll consists of 100% voucher tenants guaranteeing top of m
The property is currently achieving top of market rents in a number of their newest leases. This allows an investor to walk into a stabilized, top of
Cap Rate: 11.02 %

Public Transportation

Commuter RailDriveWalkDistance
Brainerd Station (Rock Island District Line - Northeast Illinois Regional Commuter Railroad (Metra)) 1 min 9 min 0.5 mi
Beverly-91St Street Station (Rock Island District Line - Northeast Illinois Regional Commuter Railroad (Metra)) 5 min 12 min 0.7 mi
AirportDriveWalkDistance
Chicago Midway International 16 min - 8.7 mi
Chicago O'Hare International 45 min - 29.7 mi
Kyle Stengle 312-327-5455 Marcus & Millichap
Kyle Stengle 312-327-5455 Marcus & Millichap