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1915-21 E 86th 1919 E 86th St 19 Unit Apartment Building $2,593,161 CAD ($136,482 CAD/Unit) 9.09% Cap Rate Chicago, IL 60617
Investment Highlights
- Large 1-Bd units with separate dining rooms
- Quiet residential location attractive for tenants
- Rent upside in existing condition
Executive Summary
Triton Realty Group LLC is proud to present 8600 S. Euclid, a yellow brick Tudor style 19
unit building located in the desirable south side neighborhoods of Avalon Park/Calumet
Heights. All units are large 1bd's with separate dining rooms. Recent improvements
include tear off shingle roof on Euclid side (2021), sealed flat roof (2024), insulated roof
cavity throughout (2019), new insulated hot water main (2018), efficient steam boiler
(2019), common area carpet (2022), painted stairwells, common area carpet in front and
refinished steps and landings in rear stairwells, new electrical fixtures in front and rear
stairwells, security cameras, security cameras (2020). Strong in place income of over
270k with room for growth. Quiet residential street but close to highway, parks and Lake
Michigan.
unit building located in the desirable south side neighborhoods of Avalon Park/Calumet
Heights. All units are large 1bd's with separate dining rooms. Recent improvements
include tear off shingle roof on Euclid side (2021), sealed flat roof (2024), insulated roof
cavity throughout (2019), new insulated hot water main (2018), efficient steam boiler
(2019), common area carpet (2022), painted stairwells, common area carpet in front and
refinished steps and landings in rear stairwells, new electrical fixtures in front and rear
stairwells, security cameras, security cameras (2020). Strong in place income of over
270k with room for growth. Quiet residential street but close to highway, parks and Lake
Michigan.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2027) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$421,158
|
$29.55
|
| Other Income |
$15,795
|
$1.11
|
| Vacancy Loss |
$21,058
|
$1.48
|
| Effective Gross Income |
$415,895
|
$29.19
|
| Taxes |
$36,597
|
$2.57
|
| Operating Expenses |
$115,916
|
$8.13
|
| Total Expenses |
$152,513
|
$10.70
|
| Net Operating Income |
$263,381
|
$18.48
|
Financial Summary (Pro Forma - 2027)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $421,158 |
| Annual Per SF | $29.55 |
| Other Income (CAD) | |
|---|---|
| Annual | $15,795 |
| Annual Per SF | $1.11 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $21,058 |
| Annual Per SF | $1.48 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $415,895 |
| Annual Per SF | $29.19 |
| Taxes (CAD) | |
|---|---|
| Annual | $36,597 |
| Annual Per SF | $2.57 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $115,916 |
| Annual Per SF | $8.13 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $152,513 |
| Annual Per SF | $10.70 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $263,381 |
| Annual Per SF | $18.48 |
Property Facts
| Price | $2,593,161 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $136,482 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 9.09% | Building Size | 20,700 SF |
| Gross Rent Multiplier | 6.67 | Average Occupancy | 95% |
| No. Units | 19 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | ||
| Zoning | RS-2 | ||
| Price | $2,593,161 CAD |
| Price Per Unit | $136,482 CAD |
| Sale Type | Investment |
| Cap Rate | 9.09% |
| Gross Rent Multiplier | 6.67 |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 20,700 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1960 |
| Zoning | RS-2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Dining Room
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 19 | - | 750 - 800 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 20-36-330-017-0000 | Total Assessment | $182,161 CAD (2025) |
| Land Assessment | $13,987 CAD (2025) | Annual Taxes | $36,597 CAD ($1.77 CAD/SF) |
| Improvements Assessment | $168,173 CAD (2025) | Tax Year | 2027 |
Property Taxes
Parcel Number
20-36-330-017-0000
Land Assessment
$13,987 CAD (2025)
Improvements Assessment
$168,173 CAD (2025)
Total Assessment
$182,161 CAD (2025)
Annual Taxes
$36,597 CAD ($1.77 CAD/SF)
Tax Year
2027
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1915-21 E 86th | 1919 E 86th St
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