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11043 S Longwood Dr 6 Unit Apartment Building $870,975 CAD ($145,163 CAD/Unit) 5.10% Cap Rate Chicago, IL 60643
INVESTMENT HIGHLIGHTS
- Four (4) Units are Renovated
- Desirable Morgan Park Neighborhood
- Tenant Paid Utilities
- 0.1 Miles from Metra (111th St - Morgan Park)
EXECUTIVE SUMMARY
Kiser Group is pleased to exclusively present 11043 S. Longwood Dr for purchase. This six-unit multifamily property is located in a desirable pocket of Chicago’s Morgan Park neighborhood. Residents enjoy proximity to parks, public transportation via the 111th Street Metra Station, and a short drive to downtown Chicago.
The unit mix at this property includes six (6) 1-bedroom, 1-bath apartments. With modest cosmetic upgrades—such as updated flooring, refreshed kitchen finishes, and bathroom enhancements—a new owner can unlock significant value through improved building performance, strategic management, and targeted capital improvements.
Currently, four of the six units are vacant and ready for renovation, offering a prime opportunity for value-add investors. This asset presents the potential for strong returns under active, hands-on ownership.
The unit mix at this property includes six (6) 1-bedroom, 1-bath apartments. With modest cosmetic upgrades—such as updated flooring, refreshed kitchen finishes, and bathroom enhancements—a new owner can unlock significant value through improved building performance, strategic management, and targeted capital improvements.
Currently, four of the six units are vacant and ready for renovation, offering a prime opportunity for value-add investors. This asset presents the potential for strong returns under active, hands-on ownership.
PROPERTY FACTS Under Contract
| Price | $870,975 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $145,163 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.10% | Building Size | 4,800 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | ||
| Zoning | RT-4 - Residential | ||
| Price | $870,975 CAD |
| Price Per Unit | $145,163 CAD |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,800 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Zoning | RT-4 - Residential |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Oven
SITE AMENITIES
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 350 |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 25-18-406-015-0000 | Improvements Assessment | $63,371 CAD |
| Land Assessment | $11,284 CAD | Total Assessment | $74,655 CAD |
PROPERTY TAXES
Parcel Number
25-18-406-015-0000
Land Assessment
$11,284 CAD
Improvements Assessment
$63,371 CAD
Total Assessment
$74,655 CAD
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11043 S Longwood Dr
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