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7205 S. Bennett ave 26 Unit Apartment Building $2,571,315 CAD ($98,897 CAD/Unit) 9% Cap Rate Chicago, IL 60649
Investment Highlights
- Twelve (12) 2Bd/1Ba & Fourteen (14) 1Bd/1Ba Units
- First Time on Market in 30+ Years
- All 1Bd/1Ba Units Can be Converted to 2Bd/1Ba Units
- Prime South Shore Location
Executive Summary
Kiser Group is pleased to exclusively present for purchase 7205 S. Bennett Ave., a 26-unit multifamily investment opportunity located in Chicago's South Shore neighborhood. Just one block from the Bryn Mawr Metra Electric Station, the property offers residents convenient access to Downtown Chicago while benefiting from South Shore's continued investment activity and strong rental demand.
The property features a well-balanced unit mix of fourteen (14) one-bedroom and twelve (12) two-bedroom apartments. All one-bedroom units offer the potential to be converted into two-bedroom layouts, providing investors with a clear value-add opportunity to increase rental income and maximize long-term returns.
Offered at $1,850,000 ($71,154 per unit), the asset delivers an attractive 9.00% in-place cap rate with significant upside. Through unit conversions and continued rental growth, investors have the opportunity to increase returns to a projected 14.36% pro forma cap rate, making this an exceptional acquisition with both strong in-place cash flow and substantial value-add potential.
The property features a well-balanced unit mix of fourteen (14) one-bedroom and twelve (12) two-bedroom apartments. All one-bedroom units offer the potential to be converted into two-bedroom layouts, providing investors with a clear value-add opportunity to increase rental income and maximize long-term returns.
Offered at $1,850,000 ($71,154 per unit), the asset delivers an attractive 9.00% in-place cap rate with significant upside. Through unit conversions and continued rental growth, investors have the opportunity to increase returns to a projected 14.36% pro forma cap rate, making this an exceptional acquisition with both strong in-place cash flow and substantial value-add potential.
Property Facts
| Price | $2,571,315 CAD | Property Subtype | Apartment |
| Price Per Unit | $98,897 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 9% | Building Size | 19,470 SF |
| No. Units | 26 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Zoning | RT-4 - Residential | ||
| Price | $2,571,315 CAD |
| Price Per Unit | $98,897 CAD |
| Sale Type | Investment |
| Cap Rate | 9% |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 19,470 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | RT-4 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 700 |
| 2+1 | 12 | - | 850 |
1 1
Very walkable
80/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-25-120-002-0000 | Improvements Assessment | $172,423 CAD |
| Land Assessment | $24,342 CAD | Total Assessment | $196,765 CAD |
Property Taxes
Parcel Number
20-25-120-002-0000
Land Assessment
$24,342 CAD
Improvements Assessment
$172,423 CAD
Total Assessment
$196,765 CAD
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7205 S. Bennett ave
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