6129 S Greenwood Ave Immeuble residentiel 12 lots 863 480 € (71 957 €/Lot) Taux de capitalisation 13,92 % Chicago, IL 60637

Kiser Group is pleased to exclusively offer for purchase 6129 S. Greenwood, a rarely available twelve (12) unit building located just outside of Hyde Park in Chicago’s East Woodlawn neighborhood. The property is located just blocks from the prestigious University of Chicago. Additionally, the asset sits just blocks away from the construction site of the future Obama Presidential Library.
6129 S. Greenwood is uniquely comprised of nine (9) 1Bd/1Ba and three (3) 2Bd/1Ba units. The building is completely gutted and is in serious need of mechanical work to bring operations up to par. Incredibly spacious unit layouts allow an investor to fully renovate the property and assume top of the market rents post-construction. Given the property’s location and large unit layouts, there is ample demand for apartments such as these after the appropriate renovations take place.
6129 S. Greenwood presents an investor a unique opportunity to acquire a true value-add project in the heart of Chicago's highly desirable Woodlawn neighborhood. Through unit renovations and an investment in newer mechanical systems, a new investor could achieve significant cash returns and double-digit cap rates.