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2800 E 87th St

6 Unit Block of Flats £783,761 (£130,627/Unit) Chicago, IL 60617

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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.

2800 E 87th St Sale Brochure

Financial Summary (Pro forma - 2024)	Annual	Annual Per SF
Gross Rental Income	£113,429	£13.21
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£113,429	£13.21
Taxes	£3,158	£0.37
Operating Expenses	£7,168	£0.83
Total Expenses	£10,326	£1.20
Net Operating Income	£103,103	£12.01

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	£113,429
Annual Per SF	£13.21

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£113,429
Annual Per SF	£13.21

Taxes
Annual	£3,158
Annual Per SF	£0.37

Operating Expenses
Annual	£7,168
Annual Per SF	£0.83

Total Expenses
Annual	£10,326
Annual Per SF	£1.20

Net Operating Income
Annual	£103,103
Annual Per SF	£12.01

Property Facts

Price	£783,761	Building Class	C
Price Per Unit	£130,627	Lot Size	0.09 AC
Sale Type	Investment	Building Size	8,585 SF
No. Units	6	Number of Floors	3
Property Type	Residential	Year Built/Renovated	1929/2023
Property Subtype	Apartment General Retail Storefront Retail/Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	£783,761
Price Per Unit	£130,627
Sale Type	Investment
No. Units	6
Property Type	Residential
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Low Rise
Building Class	C
Lot Size	0.09 AC
Building Size	8,585 SF
Number of Floors	3
Year Built/Renovated	1929/2023
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

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

1 of 1

Walk Score ®

Very Walkable (71)

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Transit Score® measures access to public transit.

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, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	21-31-422-032-0000	Total Assessment	£20,560
Land Assessment	£2,216	Annual Taxes	£3,158 (£0.37/sf)
Improvements Assessment	£18,344	Tax Year	2024