Property for Sale: 951 E 86th, Chicago, IL 60619
$2,497,000
$2,497,000
951 E 86th,
Chicago, IL 60619
$2,497,000
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Price:
$2,497,000
Est. payment: Skip to Mortgage Calculator
Type Commercial
Lot Size 0.35 acres
Year Built 1965
City Chicago
County Cook
MLS 12096532
Status Active
Exceptional opportunity 15 unit, 8 garage, fully occupied (one unit under renov.) | $201k NOI, 8% CAP | Stable tenants, with multi-year leases remaining (18.1 mo avg)--some to 2028, provide value-add NPV boost | $24k monthly cash flow from eight 2bed, seven 1bed, eight single garages, coin laundry | 7 space value-add fee parking | 5.3 yr avg tenant-tenure, desirable units, EZ transportation, apartment wait list | Inflation hedge with annual subsidized rent increases | 20yr same owner | East Chatham, 72 "Good" mobility, quiet, tree-lined, adjacent Metra (87th St/Woodruff), 1 mi to I-94, 1 mi to CTA Red Line | Zero-deferred maintenance: high-efficiency boiler (2024), garage roof (2024), security cameras/system (2023), tuckpointing (2021), coin laundry (2021), garage doors (2021), crawlspace drain tile (2021), 50yr HD roof (2018)--warranty through 2028, low-E aluminum windows, R-40 attic insulation
Room Features
Basement Description Crawl
Lot & Building Features
Construction Brick, Concrete
Cooling Wall Sleeve
Tax Year 2022
Lot Dimensions TRIANGULAR 76.17FT FRONTAGE X 397.9 ALLEY X 404.8 REAR ft
Price History of 951 86th, Chicago, IL
| Date | Name | Price | Difference |
|---|---|---|---|
| 12/31/1969 | Listing Price | $2,497,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
Listed by James Pappas, James Pappas
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951 86th (MLS #12096532) is a commercial listing located in Chicago, IL. This is a commercial listing with a lot of 15,246 sqft (or 0.35 acres). This property was listed on 10/13/2024 and has been priced for sale at $2,497,000.
 Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: James Pappas |