4320 S Michigan Ave 11 Unité Immeuble d’appartements 2 757 860 $ CAD (250 715 $ CAD/Unité) 9,12% Taux de capitalisation Chicago, IL 60653

Kiser Group is pleased to exclusively offer for purchase the sale of 4320 S. Michigan Ave, a pristine six (11) unit walk-up tucked away in the Bronzeville neighborhood of Chicago’s South Side. The subject site sits directly in the core of one of Chicago’s most rapidly expanding neighborhoods and is roughly a 15-minute drive to Chicago's downtown.
4320 S. Michigan has a desirable unit mix consisting of two (2) 4Bd/3Ba, six (6) 3Bd/2Ba, two (2) 2Bd/1Ba, and one (1) 1Bd/1ba unit. All of the units have spacious layouts and have been extensively renovated. Recent capital improvements include, but are not limited to: individual furnaces, in-unit hot water tanks, in-unit laundry, copper plumbing, new electric system, and renovated kitchen and baths w/ dishwashers & stainless steel appliances.
4320 S. Michigan presents an investor with a unique opportunity to acquire a strong, positive cash-flowing building with an in-place cap rate of 9.34% and a cash return of 15.78%. Given the quality of the units coupled with the prime location, an investor could increase the cap rate to over 10.18% and a cash return of 19.14%.
ASSUMABLE DEBT:
4.43% Interest Rate
$1,284,164.68 Remaining