317 S Homan Ave 9 Unit Apartment Building $1,884,492 CAD ($209,388 CAD/Unit) 10% Cap Rate Chicago, IL 60624

Kiser Group is pleased to exclusively offer for purchase the sale of 317 S. Homan, a nine (9) unit center entranced walk-up located in Chicago’s historic East Garfield Park neighborhood. The property sit two (2) blocks east of Garfield Park & the renowned Garfield Park Conservatory. Furthermore, the property sits just two (2) blocks from the I-290 Express and CTA Blue Line station at Kedzie-Homan, providing tenants immediate access to Chicago's downtown.

317 S. Homan is currently comprised of three (3) 3Bd/2Ba units, three (3) 3Bd/1.5Ba units, two (2) 1Bd/1Ba units, and one (1) studio unit, all of which are extremely spacious, and were completely gut rehabbed in 2013. Furthermore, all of units have been fitted with updated kitchens, bathrooms, Recent capital improvements to the building consist of, but not limited to: a new electric service with in unit breaker boxes, in-unit and separate furnaces and hot water tanks, new windows, 100% copper plumbing, new tear off roof, and a new wood porch. Furthermore, there are (9) parking spots in the rear, which provide tenants an additional amenity.

317 S. Homan provides an investor with a unique opportunity to acquire a stabilized and strong cash flowing asset in Chicago’s desirable pocket of East Garfield Park. From day one, a new owner will capitalize on a strong tenant base, and will realize an in place cap rate of 10% and a cash-on-cash return exceeding 17%.