87th Street Apartments

2205 East 87th Street,
Chicago, IL 60617

Asset Snapshot

Upper Mid-Scale

Multifamily Subtype

1968

Year Built

Floor Count

7125.00 Acres

Land Area

10 Units

Unit Count

0 SF

Average Unit Size

64,000 SF

Property Size

100%

Occupancy

Offering Summary

Investment Overview

Real Realty is pleased to offer this 10-unit apartment building for sale located off of 87th Street in the Avalon Park neighborhood. The property consists of 5 - one-bedrooms and 5 - two-bedroom units. Located on a quiet tree line street, directly across from the Chicago Vocational High School and easy access to downtwon via the Chicago Skyway. Newer improvements consist of a newer roof, parking lot for 5 cars, and various in unit renovations. The property is renting out apartments for $1,032 per unit, market average for simila r properties is $1350. This leaves a significant amount of rental upside for a new owner without spending large dollars on capital improvements.