2153 East 87th Street Chicago, IL 60617

Building Details

Year Built

1965

Listing agency Triton Realty Group LLC l***@wojcikre.com Show Phone

Listed by Lukasz Wojcik · License #475139979 Show Phone

Source Compass

Added: Mar 18 Updated: Jul 22 at 11:44AM Checked: Jul 22 at 11:44AM

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Investment Insights

Based on property information with market context.

This property is an 18-unit courtyard apartment building featuring a unit mix of six 2-bedroom, 1-bath units and twelve 1-bedroom, 1-bath units. Improvements include a 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, refinished rear stairwells, new electrical fixtures in front and rear stairwells, and security cameras (2020). Additional revenue sources include parking and laundry.

The building is located near the 90 expressway, parks, and retail, and is described as a short drive from Lake Michigan.

The property is presented as having strong in-place income, with noted opportunity to raise rents.

Key Highlights

• 18‑unit courtyard multifamily building built in 1965
• Unit mix: (6) 2BD/1BA and (12) 1BD/1BA
• 2020 upgrades include a new tear‑off shingle roof with insulated roof cavity and new gutters/downspouts, plus insulated hot water pipes

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FAQs

What type of property is this?

Apartment building - 18-unit courtyard multifamily property with a unit mix of 2-bedroom and 1-bedroom units.

Where is this apartment building located?

The property is located at 2153 East 87th Street Chicago, IL.

What is the asking price?

The asking price for this property is $1,950,000.

What are key features of this property?

This property features: 18‑unit courtyard multifamily building built in 1965; Unit mix: (6) 2BD/1BA and (12) 1BD/1BA; 2020 upgrades include a new tear‑off shingle roof with insulated roof cavity and new gutters/downspouts, plus insulated hot water pipes