Map of Property

1645 E. 85th Place

For Sale

1645 E. 85th Place, Chicago, IL 60617

This Chicago property for sale is located at 1645 E. 85th Place. The current listed sale price for 1645 E. 85th Place is $1,350,000.

Contacts

Noah Birk

Kiser Group

Property Details

  • Property Type Multi-Family
  • Property Size 16,000 SF
  • Units 20
  • Date Updated Nov 11, 2026
.Kiser Group is pleased to exclusively present for purchase 1643 E. 85th Place, a Twenty (20) unit courtyard located in Chicago's Calumet Heights neighborhood. 1643 E. 85th Pl sits in Chicago’s South Side, offering residents solid connectivity with multiple transit options nearby and quick access to major roadways. Local amenities include nearby grocery stores, schools, and abundant park space, making it a location that blends convenience with neighborhood charm. 1643 E. 85th Pl consists of Sixteen (16) 1Bd/1Ba & Four (4) studio units. All of which have spacious layouts. Recent improvements to the building consist of but are not limited to: modern boiler, code-compliant porches, and an abundance of masonry and tuckpointing work. 1643 E. 85th Pl presents an investor the opportunity to acquire a strong, positive cash-flowing building with an in-place cap rate of 10.02% and cash return of 17.92%. By increasing rents to rates already achieved in the area, there is an opportunity to achieve a 15.97% cap rate and a proforma cash return of 41.70%
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • In-Place Rents 30% Below Comparable Market Rents
  • Modern Boiler with R&D Control System
  • Prime Calumet Heights Location
  • Sixteen (16) 1Bd/1Ba & (4) Studio Units

Getting around

  • 88/100

    Walk Score ®

  • 58/100

    Transit Score ®

  • 56/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood Stony Island Park
  • Zip Code 60617
  • Market Chicago

Points of Interest

  • 83rd Street

    1.70 miles

  • Windsor Park

    1.81 miles

  • 87th Street

    1.82 miles

  • Stony Island

    1.86 miles

  • South Shore

    2.00 miles

  • South Chicago (93rd Street)

    2.02 miles

  • 95th/Dan Ryan

    2.44 miles

  • 63rd Street

    2.80 miles

  • Gresham

    3.16 miles

  • 55th-56th-57th Street

    3.69 miles

  • BP

    0.15 miles

  • Citgo

    0.34 miles

  • Clark

    0.37 miles

  • Falcon Fuel

    1.14 miles

  • All Star

    1.17 miles

  • Shell

    1.22 miles

  • Tesla Supercharger

    3.30 miles

  • ChargePoint

    3.33 miles

  • eVgo

    9.23 miles

  • Blink

    9.23 miles

  • 83rd Street Metra Park & Ride

    1.68 miles

  • 93rd St. (South Chicago) Station Parking Lot

    2.12 miles

  • Trailer Parking

    2.85 miles

  • Dorchester Parking Lot

    3.18 miles

  • Kimbark South Parking Garage

    3.19 miles

  • Chapin Hall Parking Lot

    3.21 miles

  • Campus South Parking

    3.32 miles

  • Lexington Parking Lot

    3.48 miles

  • Parking/Materials Management

    3.56 miles

  • Medical Campus Parking Garage A

    3.63 miles

  • South Shore Motel

    0.56 miles

  • Skyway Motel

    0.76 miles

  • Stony Island Motel

    0.84 miles

  • East of the Ryan

    1.27 miles

  • Admiral Motel

    1.33 miles

  • Empire Motel

    1.60 miles

  • Best Motel

    2.98 miles

  • Royal Motel

    3.11 miles

  • The Study at the University of Chicago

    3.25 miles

  • Beverly Motel & Suites

    3.78 miles

  • Pete's Produce

    0.25 miles

  • ALDI

    0.94 miles

  • Jewel-Osco

    1.32 miles

  • dd's Discounts

    1.32 miles

  • Zees Supermarket Plus

    1.52 miles

  • Save-A-Lot

    1.56 miles

  • Cecy's Molino De Masa

    1.63 miles

  • La Fruteria

    1.73 miles

  • Forman Mills

    2.47 miles

  • Ross

    2.98 miles

Contact Listing Broker
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.