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.
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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







