1613 W 87th St
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1613 W 87th St
8 Unit Apartment Building $875,000 ($109,375/Unit) 11.02% Cap Rate Chicago, IL 60620
Investment Highlights
- All residential units feature electric baseboard heat and have individual hot water heaters in unit. This takes out the risk of a major capital expend
- The property is currently achieving top of market rents in a number of their newest leases. This allows an investor to walk into a stabilized, top of
- Besides the long term retail tenant that occupies both retail spaces, the residential rent roll consists of 100% voucher tenants guaranteeing top of m
Property Facts
| Price | $875,000 | Apartment Style | Low Rise |
| Price Per Unit | $109,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 11.02% | Building Size | 8,700 SF |
| Gross Rent Multiplier | 5.28 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1929/2009 |
| Property Subtype | Apartment |
| Price | $875,000 |
| Price Per Unit | $109,375 |
| Sale Type | Investment |
| Cap Rate | 11.02% |
| Gross Rent Multiplier | 5.28 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 8,700 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1929/2009 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 25-06-206-003-0000 | Improvements Assessment | $79,210 |
| Land Assessment | $5,625 | Total Assessment | $84,835 |
PROPERTY TAXES
Parcel Number
25-06-206-003-0000
Land Assessment
$5,625
Improvements Assessment
$79,210
Total Assessment
$84,835
zoning
| Zoning Code | B3-2 (Community Sopping District) |
| B3-2 (Community Sopping District) |
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1613 W 87th St
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