Active
951 E 86th Street
Chicago IL, 60619
$2,497,000
$195.94 per sqft
Active
12,744 sqft
Multi-family
Built in 1965
Courtesy of James Pappas
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
12096532
MLSⓇ ID
October 13, 2024
Listed
February 20, 2025
Updated
Interior Features
Total Stories
3
Fireplace
No
Cooling
Yes
Cooling Description
Wall Sleeve
Heating
No
Exterior/Building Features
Lot Size
0.35 Acres
Roof
Composition
Other Property Details
Area Name
CHI - Chatham
Taxes
$10,330
Tax Frequency
Annually
Days on Market
7
Garage
No
View
No
County
Cook
Municipality
Hyde Park
Pool
No
Utilities
Water-Municipal, Cable Available
Zoning
MULTI
Courtesy of James Pappas, James Pappas,
Listing Contact: 773-750-1630
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Data last updated 10:06 AM UTC, 2/20/2025
