1859 E 87th St
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1859 E 87th St
2,750 SF 71% Leased Retail Building Chicago, IL 60617 $650,000 ($236/SF) 10.80% Cap Rate
Executive Summary
Prime Chicago Commercial Investment Opportunity !!!!! This is your chance to invest in the heart of Chicago! Presenting a unique and lucrative investment property that combines the best of both worlds: Six spacious, well-appointed apartments and Six versatile storefronts, all under one roof! This property offers the perfect blend of residential and commercial income. This South Side property has excellent foot traffic, it's located on a main well known Street. This location is surrounded by numerous restaurants, shops, and public transpiration !! All 6 apartments feature 1 bedroom, 1 bath and all similar updates. All 6 apartments are rented and are bringing in income .All 6 versatile storefronts feature large display windows, ideal for entrepreneurs and business looking for prime retail or office space .Each storefront features high visibility and great rental income. 3 Storefronts are leased , 3 are ready for you to bring your vision to life . There are currently two beauty shops and one barbershop. With a strong rental history and the thriving location, this property promises excellent cash flow and long-term growth potential for investors .The combination of residential and commercial spaces diversifies your income streams, making a robust investment opportunity. Don't miss out on this amazing investment opportunity . Contact me today to schedule a viewing and explore the the potential of this unique property. This property is being sold as is !!!
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2022) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,750 SF
Building Class
B
Year Built
1963
Price
$650,000
Price Per SF
$236
Cap Rate
10.80%
NOI
$70,190
Percent Leased
71%
Building Height
2 Stories
Building FAR
0.13
Land Acres
0.50 AC
Walk Score ®
Very Walkable (79)
PROPERTY TAXES
Parcel Numbers | Total Assessment | $41,126 (2023) | |
Land Assessment | $6,476 (2023) | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $34,650 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,476 (2023)
Improvements Assessment
$34,650 (2023)
Total Assessment
$41,126 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
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1859 E 87th St
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