5901 W Fillmore St Immeuble residentiel 9 lots 853 642 € (94 849 €/Lot) Taux de capitalisation 8,04 % Chicago, IL 60644

Kiser Group is pleased to exclusively offer for purchase the sale of 5901 W. Filmore, a nine (9) unit walkup located in Chicago’s West Side's most desirable pocket, "The Island". The property sits on a quiet, tree-lined street just two (2) blocks from Chicago's Blue Line "El" train station at Austin. Additionally, the property is located roughly three (3) blocks from Columbus Park, which features ball fields, a theater, a pool & golf course, and just one (1) block from Roosevelt Rd, which features an abundance of public transit and retail options.
5901 W. Filmore is comprised solely of nine (9) 1bd/1ba units, all of which are incredibly spacious and feature a living room & dining room. All of the units have been renovated and equipped with updated kitchens and baths, as well as hardwood flooring throughout. Furthermore, the building boasts newer windows, a new Weil-McLain boiler, a new water heater (2025), updated copper plumbing, and a full-service laundry room.
5901 W. Filmore provides an investor with a unique opportunity to acquire a stabilized and strong cash-flowing asset in Chicago’s desirable pocket of The Island. 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 over 8% and a cash return of 9.42%. Through improved leasing, management, and raising rents to levels already being achieved in the building, an investor has the opportunity to achieve a cap rate of nearly 10%.