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AVALON PARK
18 UNIT COURTYARD BUILDING OPPORTUNITY

2153 E. 87TH, Chicago, IL 60617

$1,875,000

Property Description

Triton Realty Group LLC is proud to present 2153 E. 87th, an 18 unit courtyard building located in the 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 frontand 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.

Contact Agent

Luke Wojcik

(773) 610-9054

Alex Summers

(773) 733-1153

Property Details

Property Type

Multifamily

Year Built

1965

Year Renovated

Current Cap-Rate

7.79%

Pro Forma Cap-Rate

9.85%

Property 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 Deal Room Access

GET IN TOUCH

312-788-9379
office@tritonrealtygroup.com

5301 N. Damen

Chicago, IL 60625

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