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31309965
31309966

2153 E 87th St, Chicago, IL 60617

LW
IL IL 475139979
Triton Realty Group LLC
Listed by Triton Realty Group LLC
$1,875,000
70 days on market
Updated 46 days ago

Paxton Building

Details
Property Type Multifamily
Sub Type Apartment Building
Units 18
Cap Rate 7.79%
NOI $146,059
Pro-Forma Cap Rate 9.85%
Pro-Forma NOI $184,749
Broker Co-Op Yes
Class C
Buildings 1
Stories 3
Lot Size (SqFt) 13,445
Zoning b3-2
Parking Spaces 13 spaces
Investment Type Stabilized

Multifamily | 18 Units | $104,167/unit

Marketing description

Triton Realty Group LLC is 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.

Investment highlights

Fully stabilized building with rental upside

New high efficiency boilers (2021)

Roof tear off (2020)

13 parking spots and and coin laundry for additional income

Listing Contacts

LW
IL IL 475139979
Triton Realty Group LLC
Listed by Triton Realty Group LLC

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$146,059.00
$12,171.58/mo

Valuation Metrics

0
DSCR
7.79%
Cap Rate
7.79%
ROI

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Additional Information

Name
Luke Wojcik
License
IL 475139979
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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