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949-953 E 86th St
Chicago, IL 60619 Chatham

$2,497,000 USD

Apartments For Sale  •  12,744 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,744 SF
  • Lot Size 0.35 AC
  • Building Class C
  • Year Built 1965
  • Zoning RS-3, Chicago
58 Transit Score
77 Walk Score

Highlights

Exceptional opportunity 15 unit, 8 garage, fully occupied (one unit under renovation)
$201k NOI, 8% CAP, $24k monthly cash flow from eight 2bed, seven 1bed, eight single garages, coin laundry
Stable tenants with multi-year leases remaining (18.1 mo avg)--some to 2028, provide value-add NPV boost
5.3 year average tenant-tenure, desirable units, EZ transportation, apartment wait list
Inflation hedge with annual subsidized rent increases, 20yr same owner, 7 space value-add fee parking
East Chatham, 72 "Good" mobility, quiet, tree-lined, adjacent Metra (87th St/Woodruff), 1 mi to I-94, 1 mi to CTA Red Line

Property Flyers

Amenities

  • 24 Hour Access
  • Cable Ready
  • Controlled Access
  • Fenced Lot
  • Laundry Facilities
  • Microwave
  • Security System
  • Gas Range
  • Ceiling Fans
  • Tile Floors
  • Eat-in Kitchen
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Yard
  • Double Pane Windows
  • Handrails
  • Lawn
  • Linen Closet
  • Window Coverings
  • Public Transportation
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
87Th Street (Woodruff) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 0 min 5 min 0.0 mi
83Rd Street (Avalon Park) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 3 min 11 min 0.6 mi
AirportDriveWalkDistance
Chicago Midway International 23 min - 11.6 mi
Chicago O'Hare International 45 min - 28.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Surface
Included in Rent: No
Jim Pappas 773-750-1630 Pappas Realty Group, Ltd.
Jim Pappas 773-750-1630 Pappas Realty Group, Ltd.