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1906 E 86th st 13 Unit Apartment Building Offered at $910,000 at a 10.70% Cap Rate Chicago, IL 60617
Investment Highlights
- Large Unit Layouts with the Ability to Add Additional Bedrooms
- New Hot Water Tanks
- Prime Calumet Heights Location
- Modern Weil Mclain Boiler w/ R&D Control System
Executive Summary
Kiser Group is pleased to exclusively offer for purchase the sale of 1906 E. 86th St, a meticulously maintained thirteen (13) unit property in Chicago’s highly desirable Calumet Heights neighborhood. The building is nestled away on a quiet, tree-lined street, amongst single-family homes. Additionally, the building sits just a few blocks off the Dan Ryan Expressway, providing quick and easy access to downtown Chicago in roughly fifteen (15) minutes.
1906 E. 86th St is currently comprised of thirteen (13) 1Bd/1Ba. All of which, however, are incredibly spacious with hardwood floors and feature an abundance of natural light. Recent capital improvements to the building consist of, but not limited to: updated kitchens and baths, masonry and tuckpointing work, along with plumbing improvements.
1906 E. 86th St presents an investor an unique opportunity to acquire a strong, positive cash-flowing building in an incredibly desirable pocket of Calumet Heights. From day one, an investor will realize an in-place cap rate of 10.70% along with an equally impressive double-digit cash return of 20.64%.
1906 E. 86th St is currently comprised of thirteen (13) 1Bd/1Ba. All of which, however, are incredibly spacious with hardwood floors and feature an abundance of natural light. Recent capital improvements to the building consist of, but not limited to: updated kitchens and baths, masonry and tuckpointing work, along with plumbing improvements.
1906 E. 86th St presents an investor an unique opportunity to acquire a strong, positive cash-flowing building in an incredibly desirable pocket of Calumet Heights. From day one, an investor will realize an in-place cap rate of 10.70% along with an equally impressive double-digit cash return of 20.64%.
Property Facts
| Price | $910,000 | Property Type | Multifamily |
| Price Per Unit | $70,000 | Building Size | 10,538 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 10.70% | Year Built | 1929 |
| No. Units | 13 | ||
| Zoning | RS-2 | ||
| Price | $910,000 |
| Price Per Unit | $70,000 |
| Sale Type | Investment |
| Cap Rate | 10.70% |
| No. Units | 13 |
| Property Type | Multifamily |
| Building Size | 10,538 SF |
| No. Stories | 3 |
| Year Built | 1929 |
| Zoning | RS-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 750 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
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1906 E 86th st
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