Listed by Kiser Group
$910,000
1906 E. 86th St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,841
Units 13
Cap Rate 10.70%
Tenancy Single
1906 E. 86th St, Chicago, IL 60617
Marketing description
Kiser Group is pleased to exclusively offer for purchase the sale of 1906 E. 86th St, a meticulously maintained thirteen (13) unit property in Chicago’s highly desirable Calumet Heights neighborhood. The building is nestled away on a quiet, tree-lined street, amongst single-family homes. Additionally, the building sits just a few blocks off the Dan Ryan Expressway, providing quick and easy access to downtown Chicago in roughly fifteen (15) minutes.
1906 E. 86th St is currently comprised of thirteen (13) 1Bd/1Ba. All of which, however, are incredibly spacious with hardwood floors and feature an abundance of natural light. Recent capital improvements to the building consist of, but not limited to: updated kitchens and baths, masonry and tuckpointing work, along with plumbing improvements.
1906 E. 86th St presents an investor an unique opportunity to acquire a strong, positive cash-flowing building in an incredibly desirable pocket of Calumet Heights. From day one, an investor will realize an in-place cap rate of 10.70% along with an equally impressive double-digit cash return of 20.64%.
13 Units | Stony Island
Investment highlights
- Large Unit Layouts with the Ability to Add Additional Bedrooms
- Prime Calumet Heights Location
- New Hot Water Tanks
- Modern Weil Mclain Boiler w/ R&D Control System
Listing Contacts
Listed by Kiser Group
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