8418 S Ingleside Ave Immeuble residentiel 6 lots 340 744 € (56 791 €/Lot) Taux de capitalisation 9,79 % Chicago, IL 60619

Kiser Group is pleased to exclusively offer for purchase the sale of 8418 S. Ingleside, a quaint, and meticulously maintained eight (6) unit property in Chicago’s highly desirable Chatham neighborhood, just outside of Burnside. The building is nestled away on a quiet, tree-lined street, amongst residential duplexes and single-family homes. Renters are attracted to the neighborhood given its suburban and residential feel while still maintaining its urban environment. Additionally, the building sits just three blocks off the neighborhood’s commercial corridor along 87th street featuring an assortment of retail and grocery options.
8418 S. Ingleside is currently comprised of Three (3) 1Bd/1Ba and Three (3) 2Bd/1Ba units. All of which, however, are incredibly spacious and feature an abundance of natural light. Recent capital improvements to the building consist of, but not limited to: masonry and tuckpointing, roof work, a new boiler (2021), along with an updated porch. Additionally, the building also features an on-site laundry facility and a five-car garage in the rear.
8418 S. Ingleside presents an investor an unique opportunity to acquire a strong, positive cash-flowing building in an incredibly desirable pocket of Chatham. From day one, an investor will realize an in-place cap rate exceeding 9% along with an equally impressive double-digit cash return. Furthermore, solely by increasing rents to rents that are already being achieved in the area, there is an opportunity to achieve nearly an 11% cap rate.