7623 S Yates 7623 S Yates Blvd 6 Unit Apartment Building $970,164 CAD ($161,694 CAD/Unit) 9.03% Cap Rate Chicago, IL 60649

Kiser Group is pleased to exclusively present for purchase 7623 S. Yates Blvd, a six (6) flat that was a complete gut rehab (2018), located in Chicago's South Shore neighborhood. The property has been extremely well maintained and is situated within walking distance of an abundance of public transportation options. Additionally, for quick and convenient transportation, the asset is nearby to
Chicago’s Lake Shore Drive which provides tenants easy access to Chicago’s downtown in roughly fifteen minutes.
7623 S. Yates is comprised of six (6) 2Bd/1Ba units. Each unit boasts an open and spacious layout consisting of hardwood floors, large separate living rooms, and new kitchen & baths. Recent improvements to the building consist of, but not limited to: copper plumbing, code compliant porches, newer boiler (2018), individual hot water tanks (2018 & 2021), and stainless steel appliances.
7623 S. Yates presents an investor an incredible opportunity to acquire a stabilized, cash-flowing asset in Chicago’s South Shore neighborhood. With the current operation from day one, an investor will realize a 9% cap rate and a 13.36% cash return. By increasing rent already achieved in the area, an investor can achieve a cap rate of 11.11% and a 21.70% cash return.