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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

949-955 E. 86th St Survey

240527 exec property disclosure

240527 exec lead paint Disclosure

240527 exec IL Radon disclosure

240527 exec CAR Agent Owned Disclosure

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 Rail	Drive	Walk	Distance
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
Airport	Drive	Walk	Distance
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.

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