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2019 W 111th St 5 Unit Apartment Building $750,000 ($150,000/Unit) 8.71% Cap Rate Chicago, IL 60643
INVESTMENT HIGHLIGHTS
- Metra Distance: 0.1 Miles
- Newer Pitched Roof (5 Years Old)
- On-Site Parking & Laundry
- Updated Units: Kitchens, Baths, & Flooring
- Baseboard Heat
EXECUTIVE SUMMARY
Kiser Group is pleased to present 2019 W. 111th Street for exclusive purchase. This five-unit multifamily property is located in a desirable pocket of Chicago’s Morgan Park neighborhood. Residents enjoy proximity to parks, public transportation via the 111th Street Metra Station, and a short drive to downtown Chicago.
The unit mix includes four (4) 1-bedroom/1-bath units and one (1) 2-bedroom/1-bath unit. With modest cosmetic upgrades—such as new flooring, kitchen finishes, and bathroom improvements—a new owner can unlock additional value through improved building performance and strategic management.
Currently stabilized with strong income from CHA Mobility Rents, the asset offers immediate cash flow and significant upside potential through light renovations and active management.
The unit mix includes four (4) 1-bedroom/1-bath units and one (1) 2-bedroom/1-bath unit. With modest cosmetic upgrades—such as new flooring, kitchen finishes, and bathroom improvements—a new owner can unlock additional value through improved building performance and strategic management.
Currently stabilized with strong income from CHA Mobility Rents, the asset offers immediate cash flow and significant upside potential through light renovations and active management.
PROPERTY FACTS
| Price | $750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 8.71% | Building Size | 6,000 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 0.33/1,000 SF |
| Zoning | RT-4 | ||
| Price | $750,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 8.71% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,000 SF |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 0.33/1,000 SF |
| Zoning | RT-4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Eat-in Kitchen
- Hardwood Floors
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 650 |
| 2+1 | 1 | - | 650 |
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 25-19-103-016-0000 | Improvements Assessment | $30,800 |
| Land Assessment | $7,200 | Total Assessment | $38,000 |
PROPERTY TAXES
Parcel Number
25-19-103-016-0000
Land Assessment
$7,200
Improvements Assessment
$30,800
Total Assessment
$38,000
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2019 W 111th St
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