951 E 86th Street, Chicago, IL 60619

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CommercialFor Sale

$2,497,000

951 E 86th Street

Chicago, IL 60619

Courtesy of James Pappas

Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID

12,744Sq Ft

Est. Mortgage

$12,989/mo

Exceptional opportunity 15 unit, 8 garage, fully occupied (one unit under renov.) | $201k NOI, 8% CAP | Stable tenants, with multi-year leases remaining (18.1 mo avg)--some to 2028, provide value-add NPV boost | $24k monthly cash flow from eight 2bed, seven 1bed, eight single garages, coin laundry | 7 space value-add fee parking | 5.3 yr avg tenant-tenure, desirable units, EZ transportation, apartment wait list | Inflation hedge with annual subsidized rent increases | 20yr same owner | East Chatham, 72 "Good" mobility, quiet, tree-lined, adjacent Metra (87th St/Woodruff), 1 mi to I-94, 1 mi to CTA Red Line | Zero-deferred maintenance: high-efficiency boiler (2024), garage roof (2024), security cameras/system (2023), tuckpointing (2021), coin laundry (2021), garage doors (2021), crawlspace drain tile (2021), 50yr HD roof (2018)--warranty through 2028, low-E aluminum windows, R-40 attic insulation

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