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