1301 S Avers Ave Immeuble residentiel 7 lots 525 318 € (75 045 €/Lot) Taux de capitalisation 7,35 % Chicago, IL 60623

Kiser Group is pleased to exclusively offer for purchase the sale of 1301 S. Avers, a vintage seven (7) unit walk-up located in Chicago’s historic Lawndale neighborhood. The property sits on the corner intersection of 13th Street and Avers, and is tucked away on a quiet, tree-lined street. Additionally, the property conveniently sits just one block from Roosevelt Rd, which provides tenants with an abundance of public transit and retail options. Furthermore, the property is roughly 10-minute walk to Chicago's Blue Line, "El" train station at Pulaski and the I-290 Express, which both provide tenants a quick and easy commute to Chicago's downtown (roughly 10 minutes).
1301 S. Avers is comprised of three (3) 3bd/1ba units and four (4) 2bd/1ba units. All of which, however, are incredibly spacious. Recent capital improvements to the building consist of, but are not limited to: individual furnaces with & individual water heaters, a new silver-coated roof, a re-wired electrical service with breaker boxes in-unit, and updated copper plumbing.
1301 S. Avers presents an investor with a unique opportunity to acquire a stabilized, cash-flowing asset with a significant value-add play. From day one, an investor will realize a cap rate over 7%. Through improved leasing & management and raising rents to market rate levels, an investor has the opportunity to achieve a cap rate of 10.47% and a cash return of over 19%.