2800 E 87th St
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2800 E 87th St
6 Unit Apartment Building $1,416,124 CAD ($236,021 CAD/Unit) Chicago, IL 60617
Investment Highlights
- Fully renovated in 2023
- One duplex and four multifamily (all 3 bed/2 bath)
- Retail storefront on ground level
- New concrete around property, roof, windows, mechanicals and appliances
Executive Summary
Fully renovated mixed use building investment opportunity. Building consists of retail on the ground floor, one duplex and four apartments (all 3 bed/2 bath). All units have been renovated with top end finishes and quality craftsmanship.
All work permitted through City of Chicago and includes new concrete around property, new roof, new windows, all new mechanicals and appliances.
Retail unit features 1,200± SF with two restrooms and additional 400± SF storage in basement.
All work permitted through City of Chicago and includes new concrete around property, new roof, new windows, all new mechanicals and appliances.
Retail unit features 1,200± SF with two restrooms and additional 400± SF storage in basement.
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$204,787
|
$23.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$204,787
|
$23.85
|
| Taxes |
$5,701
|
$0.66
|
| Operating Expenses |
$12,941
|
$1.51
|
| Total Expenses |
$18,643
|
$2.17
|
| Net Operating Income |
$186,144
|
$21.68
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $204,787 |
| Annual Per SF | $23.85 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $204,787 |
| Annual Per SF | $23.85 |
| Taxes (CAD) | |
|---|---|
| Annual | $5,701 |
| Annual Per SF | $0.66 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,941 |
| Annual Per SF | $1.51 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $18,643 |
| Annual Per SF | $2.17 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $186,144 |
| Annual Per SF | $21.68 |
Property Facts
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 5 | - | 1,100 - 1,600 |
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 21-31-422-032-0000 | Total Assessment | $26,558 CAD (2023) |
| Land Assessment | $5,242 CAD (2023) | Annual Taxes | $5,701 CAD ($0.66 CAD/SF) |
| Improvements Assessment | $21,316 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
21-31-422-032-0000
Land Assessment
$5,242 CAD (2023)
Improvements Assessment
$21,316 CAD (2023)
Total Assessment
$26,558 CAD (2023)
Annual Taxes
$5,701 CAD ($0.66 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | B3-2 |
| B3-2 |
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2800 E 87th St
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