156-158 N Central Ave 33 Unité Immeuble d’appartements 1 867 576 $ CAD (56 593 $ CAD/Unité) 10,37% Taux de capitalisation Chicago, IL 60644

Kiser Group is pleased to exclusively offer for purchase the sale of 158 N. Central, a Thirty-Three (33) unit walkup located in Chicago’s historic Austin neighborhood. The property sits just two (2) blocks away from Chicago's Green Line "El" train station at Central, which provides tenants direct transportation to and from Chicago's downtown.
158 N. Central is comprised of Twenty-Five (25) 0bd/1ba units and Eight (8) 1bd/1ba units. Roughly half of the units, have been renovated and equipped with updated kitchens and baths. Furthermore, the building features newer windows, updated masonry, on-site laundry, and two (2) 100 gallon water heaters.
158 N. Central provides an investor with a unique opportunity to acquire a stabilized and strong cash flowing asset in Chicago’s desirable pocket of Austin. From day one, a new owner will capitalize on an incredibly strong and long term tenant base, and will realize an in place cap rate of 10.4% and a cash return of 18.7%. Through improved leasing, management, and raising rents to market rate, an investor has the opportunity achieve a cap rate over 14% and a cash return of nearly 34%.