Courtyard Apartment
1645 E 85th Place Chicago, IL 60617
1645 E 85th Place, Chicago, IL, 60617
Contact for pricing
For Sale
Contact for pricing
Pending
Twenty 1Bd/1Ba apartment units in a courtyard layout, with recent improvements including a modern boiler and code-compliant porches.
Property Size16,000 SF
Days on Market275
Property Features for 1645 E 85th Place
General Information
- Standard status
- Pending
- Size
- 16,000 SF
- Property subtype
- Multifamily
Listing agency
Kiser Group
(773) 293-5032
Listed by
Noah Birk · License #IL 475.125864
Source
Crexi
Added: Oct 21, 2025 Updated: Jul 20 at 11:55PM Checked: Jul 21 at 1:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kiser Group
Investment Insights
Based on property information with market context.
1643 E. 85th Place is a 20-unit courtyard apartment building offering all 1-bedroom, 1-bath units. The units are described as having spacious layouts. Recent building improvements include a modern boiler and code-compliant porches, along with extensive masonry and tuckpointing work.
Located on Chicago’s South Side in the Calumet Heights neighborhood, the property is described as having connectivity to multiple transit options and quick access to major roadways. Local amenities include nearby grocery stores, schools, and abundant park space.
This offering is presented as an investor opportunity to acquire an income-producing multifamily property with an in-place cap rate of 9.23% and cash return of 14.17%, with stated potential for improved performance at a 11.33% cap rate and a proforma cash return of 22.58%.
Located on Chicago’s South Side in the Calumet Heights neighborhood, the property is described as having connectivity to multiple transit options and quick access to major roadways. Local amenities include nearby grocery stores, schools, and abundant park space.
This offering is presented as an investor opportunity to acquire an income-producing multifamily property with an in-place cap rate of 9.23% and cash return of 14.17%, with stated potential for improved performance at a 11.33% cap rate and a proforma cash return of 22.58%.
Key Highlights
- 20‑unit courtyard apartment building in Chicago’s Calumet Heights neighborhood
- Unit mix: twenty 1BD/1BA apartments with spacious layouts
- Recent improvements include a modern boiler and code‑compliant porches
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FAQs
What type of property is this?
Apartment building - Twenty 1Bd/1Ba apartment units in a courtyard layout, with recent improvements including a modern boiler and code-compliant porches.
Where is this apartment building located?
The property is located at 1645 E 85th Place Chicago, IL.
What are key features of this property?
This property features: 20‑unit courtyard apartment building in Chicago’s Calumet Heights neighborhood; Unit mix: twenty 1BD/1BA apartments with spacious layouts; Recent improvements include a modern boiler and code‑compliant porches
