Property Overview

Interra Realty has been exclusively engaged to market 1905-09 E. 86th St. for sale. The subject investment property is a 9 unit multifamily asset located in the Avalon Park submarket on Chicago’s South Side. The property is a masonry walk-up providing a strategic value add opportunity to an investor through light updates and capturing market rents.

The nine (9) unit property is comprised of six (6) 1 bedroom and three (3) 2 bedroom apartments with spacious layouts. The units each have their own individual furnaces. There have been light cosmetic upgrades throughout to kitchens and baths.

The subject property presents a qualified investor the opportunity to acquire a turn key, multifamily asset with the ability drive NOI through the modernization of the existing vintage units.

Highlights

  • Desirable Unit Mix: (6) 1 BD/1 BA & (3) 2 BD/1 BA
  • Individual furnaces throughout
  • Value add component by renovating units and bringing rents to
    market levels
  • On-site laundry for tenant convenience

Key Details

Sale Price
$750,000
Number of Units
Nine (9)
Submarket
Avalon Park