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1901 W Garfield Blvd blvd 13 Unit Apartment Building Offered at $850,000 at a 9.29% Cap Rate Chicago, IL 60636
Investment Highlights
- New Weil-McClain Boiler (2025)
- Desirable Unit Mix: Eight (8) 1bd/1ba Units and Five (5) 2bd/1ba Units
- Prime Location on Garfield Boulevard
- Incredibly Spacious Floor Plans with Separate Living & Dining Rooms
- Potential to Convert 1 Bed Units to 2-Bed Units with Ease
Executive Summary
Kiser Group is pleased to exclusively present for purchase 1901 W. Garfield, a beautiful nineteen (19) unit building in Chicago's historic Englewood neighborhood. The building sits along the iconic tree lined Garfield Boulevard, offering immediate access to the Dan Ryan Expressway and the CTA Red Line Garfield Station.
1901 W. Garfield presents a desirable unit mix, comprised of (8) 1BD/1BA & (5) 2BD/1BA, all of which feature incredibly spacious layouts with living rooms and dining rooms, private balconies, and hardwood flooring throughout. Recent improvements to the building include but are not limited to: a new Weil McClain Boiler (2025), copper plumbing, and a newer 100G hot water tank.
From day one a new investor will realize and in place cap rate of 9.29% and cash returns over 14%. Through improved leasing, optimized management, and raising rents to levels already achieved in the building, a new owner will realize a cap rate over 13% and cash returns over 30%.
1901 W. Garfield presents a desirable unit mix, comprised of (8) 1BD/1BA & (5) 2BD/1BA, all of which feature incredibly spacious layouts with living rooms and dining rooms, private balconies, and hardwood flooring throughout. Recent improvements to the building include but are not limited to: a new Weil McClain Boiler (2025), copper plumbing, and a newer 100G hot water tank.
From day one a new investor will realize and in place cap rate of 9.29% and cash returns over 14%. Through improved leasing, optimized management, and raising rents to levels already achieved in the building, a new owner will realize a cap rate over 13% and cash returns over 30%.
Property Facts
| Price | $850,000 | Property Type | Multifamily |
| Price Per Unit | $65,385 | Building Size | 12,700 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 9.29% | Year Built | 1916 |
| No. Units | 13 | Opportunity Zone |
Yes
|
| Price | $850,000 |
| Price Per Unit | $65,385 |
| Sale Type | Investment |
| Cap Rate | 9.29% |
| No. Units | 13 |
| Property Type | Multifamily |
| Building Size | 12,700 SF |
| No. Stories | 3 |
| Year Built | 1916 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 900 |
| 2+1 | 5 | - | 1,100 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
70/100
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1901 W Garfield Blvd blvd