Log In/Sign Up
Your email has been sent.
1653 E 85th Pl 20 Unit Apartment Building $1,850,567 CAD ($92,528 CAD/Unit) 10.02% Cap Rate Chicago, IL 60617
Investment Highlights
- Twenty (20) 1Bd/1Ba Units
- 100% Occupied
- Prime Calumet Heights Location
- Abundance of Masonry & Tuckpointing Work
Executive Summary
Kiser Group is pleased to exclusively present for purchase 1643 E. 85th Place, a Twenty (20) unit courtyard located in Chicago's Calumet Heights neighborhood. 1643 E. 85th Pl sits in Chicago’s South Side, offering residents solid connectivity with multiple transit options nearby and quick access to major roadways. Local amenities include nearby grocery stores, schools, and abundant park space, making it a location that blends convenience with neighborhood charm.
1643 E. 85th Pl consists of Twenty (20) 1Bd/1Ba units. All of which have spacious layouts. Recent improvements to the building consist of but are not limited to: modern boiler, code-compliant porches, and an abundance of masonry and tuckpointing work.
1643 E. 85th Pl presents an investor the opportunity to acquire a strong, positive cash-flowing building with an in place cap rate of 10.02% and cash return of 15.97%. By increasing rents to rates already achieved in the area, there is an opportunity to achieve a 17.92% cap rate and proforma cash return of 41.70%.
1643 E. 85th Pl consists of Twenty (20) 1Bd/1Ba units. All of which have spacious layouts. Recent improvements to the building consist of but are not limited to: modern boiler, code-compliant porches, and an abundance of masonry and tuckpointing work.
1643 E. 85th Pl presents an investor the opportunity to acquire a strong, positive cash-flowing building with an in place cap rate of 10.02% and cash return of 15.97%. By increasing rents to rates already achieved in the area, there is an opportunity to achieve a 17.92% cap rate and proforma cash return of 41.70%.
Property Facts
| Price | $1,850,567 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $92,528 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 10.02% | Building Size | 17,000 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | ||
| Zoning | R-2, Chicago | ||
| Price | $1,850,567 CAD |
| Price Per Unit | $92,528 CAD |
| Sale Type | Investment |
| Cap Rate | 10.02% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 17,000 SF |
| No. Stories | 2 |
| Year Built | 1926 |
| Zoning | R-2, Chicago |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 800 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $136,369 CAD | |
| Land Assessment | $26,344 CAD | Total Assessment | $162,713 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$26,344 CAD
Improvements Assessment
$136,369 CAD
Total Assessment
$162,713 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1653 E 85th Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.