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7906 S Wabash Ave 17 Unit Apartment Building $2,023,395 CAD ($119,023 CAD/Unit) 10% Cap Rate Chicago, IL 60619
Investment Highlights
- Eleven (11) 2Bd/1Ba & Six (6) 1Bd/1Ba Units
- Modern Kitchen & Baths
- Prime Chatham Location
- Spacious Layouts
Executive Summary
Kiser Group is pleased to exclusively offer for purchase 7900 S. Wabash, a meticulously maintained seventeen (17) unit building in Chicago's historic Chatham neighborhood. Located in the heard of Chatham Proper, the building is situated with incredibly convenient access to CTA bus and train stops, and it’s also just a block away from I-94, which provides tenants easy access to and from Chicago's downtown.
7900 S. Wabash is comprised of eleven (11) 2Bd/1Ba & six (6) 1Bd/1Ba units, all of which have been updated with modern kitchens and baths. The apartments also have beautiful hardwood flooring throughout and an abundance of natural light. Recent capital improvements to the building include, but are not limited to, updated roof, newer hot water tank (2022), and an abundance of masonry work.
7900 S. Wabash presents an investor with the opportunity to acquire a true turn key property in one of the South Side's most sought
after neighborhoods. From day one, an investor will realize a cap rate of 10% and a cash return of 17.25%. By raising rents to levels already being achieved in the area there is an opportunity to achieve a cap rate over 13% and a cash return of over 30%.
7900 S. Wabash is comprised of eleven (11) 2Bd/1Ba & six (6) 1Bd/1Ba units, all of which have been updated with modern kitchens and baths. The apartments also have beautiful hardwood flooring throughout and an abundance of natural light. Recent capital improvements to the building include, but are not limited to, updated roof, newer hot water tank (2022), and an abundance of masonry work.
7900 S. Wabash presents an investor with the opportunity to acquire a true turn key property in one of the South Side's most sought
after neighborhoods. From day one, an investor will realize a cap rate of 10% and a cash return of 17.25%. By raising rents to levels already being achieved in the area there is an opportunity to achieve a cap rate over 13% and a cash return of over 30%.
Property Facts
| Price | $2,023,395 CAD | Building Class | C |
| Price Per Unit | $119,023 CAD | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 15,054 SF |
| Cap Rate | 10% | Average Occupancy | 94% |
| No. Units | 17 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Tenancy | Single |
| Apartment Style | Low-Rise | ||
| Zoning | B3-2, Cook | ||
| Price | $2,023,395 CAD |
| Price Per Unit | $119,023 CAD |
| Sale Type | Investment |
| Cap Rate | 10% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 15,054 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built | 1972 |
| Tenancy | Single |
| Zoning | B3-2, Cook |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 650 |
| 2+1 | 11 | - | 900 |
1 1
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (74)
Property Taxes
| Parcel Numbers | Improvements Assessment | $53,213 CAD | |
| Land Assessment | $9,978 CAD | Total Assessment | $63,190 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$9,978 CAD
Improvements Assessment
$53,213 CAD
Total Assessment
$63,190 CAD
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7906 S Wabash Ave
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