949-953 E 86th St | Chicago, IL 60619
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- LoopNet Team
949-953 E 86th St
Chicago, IL 60619
Multifamily Property For Sale
·
15 Units
INVESTMENT HIGHLIGHTS
- Exceptional opportunity 15 unit, 8 garage, fully occupied (one unit under renovation)
- Stable tenants with multi-year leases remaining (18.1 mo avg)--some to 2028, provide value-add NPV boost
- Inflation hedge with annual subsidized rent increases, 20yr same owner, 7 space value-add fee parking
- $201k NOI, 8% CAP, $24k monthly cash flow from eight 2bed, seven 1bed, eight single garages, coin laundry
- 5.3 year average tenant-tenure, desirable units, EZ transportation, apartment wait list
- 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 FACTS
| No. Units | 15 | Building Size | 12,744 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1965/2021 |
| Building Class | C | Parking Ratio | 1.18/1,000 SF |
| Lot Size | 0.35 AC | ||
| Zoning | RS-3, Chicago | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 12,744 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1965/2021 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | RS-3, Chicago |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Cable Ready
- Microwave
- Security System
- 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
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Security System
- Gas Range
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $1,459 | - |
| 1+1 | 7 | $1,278 | - |
PROPERTY TAXES
| Parcel Number | 20-35-317-024-0000 | Improvements Assessment | $45,002 |
| Land Assessment | $23,825 | Total Assessment | $68,827 |
PROPERTY TAXES
Parcel Number
20-35-317-024-0000
Land Assessment
$23,825
Improvements Assessment
$45,002
Total Assessment
$68,827
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