The Austin Portfolio 2 biens | Immeuble residentiel | À vendre | 2 889 249 € | Chicago, IL

Kiser Group is pleased to exclusively present for purchase the Austin Portfolio, a condo-quality, turnkey, 26-unit portfolio in the Austin neighborhood. The two buildings sit on a quiet tree-lined street just one (1) block from Austin Blvd and the CTA Green Line "EL" Austin station. The buildings have an incredibly desirable unit composition and consist
of thirteen (13) units each, yielding a mix of seventeen (17) 2BD/1BA & nine (9) 3BD/1BA apartments, all of which feature hardwood flooring throughout. Both buildings have undergone complete gut renovations throughout 2023-2025. Recent improvements to the buildings consist of but are not limited to: new individual furnaces in-unit, new
appliances, new roofs, copper plumbing, new hot water tanks, an abundance of masonry and tuckpointing, and top-of-the-line cosmetic
finishes to the units.

A new investor in the Austin Portfolio will have the rare opportunity to obtain two newly renovated, stabilized, cash-flowing buildings in a rapidly appreciating market. From day one, a new owner will realize a cap rate of nearly 9% and returns exceeding 12%. By bringing rents to levels already achieved in the buildings, a new investor will realize a cap
rate over 10% and returns of 17.6%