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2151 E 87th St
Chicago, IL 60617 Calumet Heights

$1,950,000 USD

Apartments For Sale  •  14,250 SF

Property Details

  • Property Type Apartments
  • Total Building Size 16,500 SF
  • Lot Size 0.31 AC
  • Building Class C
  • Year Built 1965
  • Cap Rate 7.49 %
  • Zoning B3-2
50 Transit Score
60 Walk Score

Highlights

Fully stabilized building with rental upside
13 rear parking spots and coin laundry for additional income
New high efficiency boilers (2021), roof tear off (2020), insulated hot water pipes (2020), updated common area and security cameras (2020)

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $184,749 USD (2027)
Cap Rate: 7.49 %
Total Expenses: $110,931 USD

Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Range

Public Transportation

Commuter RailDriveWalkDistance
87Th Street Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min - 1.2 mi
South Chicago (93Rd Street) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 3 min - 1.5 mi
AirportDriveWalkDistance
Chicago Midway International 24 min - 12.5 mi
Chicago O'Hare International 46 min - 30.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 13
Type: Surface
Included in Rent: Yes
Matthew Fritzshall 847-778-8746 Triton Realty Group, LLC
Matthew Fritzshall 847-778-8746 Triton Realty Group, LLC