4715 S Michigan Ave 10 Unité Immeuble d’appartements 2 744 263 $ CAD (274 426 $ CAD/Unité) 9% Taux de capitalisation Chicago, IL 60615

Kiser Group is pleased to exclusively offer for purchase the sale of 4711 S. Michigan Ave, a pristine ten (10) 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 two (2) blocks away from Chicago’s Green Line, “El”, train station at 47th.
4711 S. Michigan has a desirable unit mix consisting of four (4) 2Bd/2Ba, four (4) 3Bd/2Ba, & two (2) 4Bd/2Ba units. All of which have spacious layouts and have tastefully updated kitchens and baths. Recent capital improvements include, but are not limited to: individual furnaces & water tanks, in unit laundry, 600 Amps electric service, copper plumbing, and newer porches.
4711 S. Michigan presents an investor with the incredible opportunity to acquire a stabilized asset in Chicago's historic Bronzeville neighborhood. With the current operation from day one, an investor will realize a 9% cap rate and a 14.40% cash return. By increasing rent already achieved in the area, an investor can achieve a cap rate of 9.62% and a 16.89% cash return.