2153 E 87th Street
Chicago, IL 60617

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Description

Proud to present 2153 E. 87th, an 18 unit courtyard building located in a desirable neighborhoods of Avalon Park/Calumet Heights. Unit mix consists of (6) 2bd 1ba's and (12) 1bd 1ba's. Building improvements include new tear off shingle roof with insulated roof cavity and new gutters and downspouts (2020), insulated hot water pipes (2020), two modulating high-end efficient radiant heat boilers (2021), common area carpet in front and refinished rear stairwells, new electrical fixtures in front and rear stairwells, security cameras (2020). Strong in place income with opportunity to raise to market rents. Additional income from parking and laundry. Location is close to 90 expressway, parks, retail and a short drive away from Lake Michigan.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60617
• Year Built: 1965
• Stories: 3
• Units: 18 units
• Zoning: MULTI
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cap Rate: 7.49
• Construction Materials: Brick
• Directions: corner of Paxton and 87th
• Electric Expense: 1693
• Electric Expense Source: Actual
• Expense Year: 2025
• Fuel Expense: 12612
• Fuel Expense Source: Actual
• Gross Income: 265771
• Gross Rent Multiplier: 7.45
• Heat/Ventilation: Central Bldg Heat
• Information: List Broker Must Accompany
• Insurance Expense: 12613
• Insurance Expense Source: Actual
• Janitor Expense: 3000
• Main Type: Commercial Sale
• Maintenance Expense: 6885
• Manager Expense: 20110
• Manager Expense Source: CO
• Operating Expense: 110092
• Outdoor Parking: 13-18 Spaces
• Repairs-Decor Expense Source: Actual
• Tax Annual Amount: 33270
• Tax Year: 2024
• Total Monthly Income: 21800
• Township: Hyde Park
• Trash Expense: 2437
• Trash Expense Source: Actual
• Type Multi-Family: Courtyard
• Water Expense Source: Actual
• Water Sewer Expense: 8004