9017 S Bishop St 6 Unit Apartment Building $686,000 CAD ($114,333 CAD/Unit) 9.26% Cap Rate Chicago, IL 60620

Kiser Group is pleased to exclusively present for purchase 9017 S. Bishop St, a Six (6) unit building located in Chicago's Brainerd neighborhood. 9017 S. Bishop sits just two blocks from the Brainerd Metra station, granting convenient access to Downtown Chicago. Local shops and dining along S. Ashland Avenue provide residents with convenient access to essentials such as shopping centers, grocery stores, and restaurants. The building is also walking distance to Brainerd Park which offer residents a playground, basketball court, and baseball field.
9017 S. Bishop consists of Three (3) 1Bd/1Ba and Three (3) 2Bd/1Ba units. All of which have spacious layouts, hardwood floors, and an abundance of natural light. The building has underwent significant improvements consisting of, but not limited to: newer boiler with R&D control system, modern kitchen and bathrooms, along with an abundance of masonry and tuckpointing.
9017 S. Bishop presents an investor the opportunity to acquire a strong, positive cash-flowing building with an in place cap rate of 9.26% and cash return of 14.29%. By increasing rents to rates already achieved in the area, there is an opportunity to achieve a 10.75% cap rate and proforma cash return of 20.24%.