Property Overview
Interra Realty has been exclusively engaged to present for sale 1712-16 W. 87th St. The subject property is an 11 unit apartment building located in Chicago's Auburn Gresham neighborhood featuring (7) 1 BD/1 BA units and (4) 2 BD/1 BA units.
Current ownership has renovated 4/11 units featuring new kitchens and baths with modern finishes. There is an onsite parking lot in the rear of the property and an onsite laundry room for tenant convenience. There is a significant value add component by bringing rents to market levels through the continued renovation of the remaining 7 units.
A qualified investor has the opportunity to acquire a well-managed, well-maintained asset located on a commercial thoroughfare with the ability to increase NOI.
Highlights
- (7) 1 BD/1 BA & (4) 2 BD/1 BA
- 4/11 units have been renovated with updated kitchens and baths
- Value-Add component through bringing rents to market levels through the continued renovation and modernization of the remaining 7 units
- Parking lot located in rear of property
- Laundry room on site
- Located off commercial thoroughfare
Key Details
Sale Price
$875,000
Number of Units
Eleven (11)
Submarket
Auburn Gresham