10% Cap Rate | 13 Units 736 E 81st St 13 Unit Apartment Building $1,172,573 CAD ($90,198 CAD/Unit) 10.02% Cap Rate Chicago, IL 60619

Kiser Group is pleased to exclusively offer for purchase the sale of 736 E. 81st, a meticulously maintained thirteen (13) unit property in Chicago’s highly desirable Chatham neighborhood. Renters are attracted to the neighborhood given its suburban and residential feel while still maintaining its urban environment. Additionally, the building sits just one block off the neighborhood’s commercial corridor along Cottage Grove featuring an assortment of retail and grocery options
736 E. 81st is currently comprised of nine (9) 1Bd/1Ba and four (4) 2Bd/1Ba units. All of which, however, are incredibly spacious and feature an abundance of natural light. Recent capital improvements to the building consist of, but not limited to: newer porches, modern boiler w/ R&D control system, and an abundance of masonry and tuckpointing work.
736 E. 81st presents an investor an unique opportunity to acquire a strong, positive cash-flowing building in an incredibly desirable pocket of Chatham. From day one, an investor will realize an in-place cap rate of 10% along with an equally impressive double-digit cash return of 17.33%. Furthermore, solely by increasing rents to rents that are already being achieved in the area, there is an opportunity to achieve a 13% cap rate.