4929 S Prairie Ave 10 Unit Apartment Building Offered at $1,950,000 at a 7.67% Cap Rate Chicago, IL 60615

Kiser Group is pleased to exclusively offer for purchase 4927 S. Prairie Ave, a pristine ten (10) unit walk-up tucked away in the Bronzeville neighborhood on Chicago’s South Side. The subject property is centrally located within one of Chicago’s most rapidly expanding neighborhoods and is approximately two (2) blocks from the CTA Green Line “L” station at 47th Street, offering convenient access to downtown and the surrounding areas.
4927 S. Prairie has a desirable unit mix consisting of one (1) studio, one (1) 1Bd/1Ba, two (2) 2Bd/1Ba, and six (6) 3Bd/1.5Ba units. All of which have spacious layouts and have tastefully updated kitchens and baths. Recent capital improvements include, but are not limited to: individual furnaces & water tanks, in unit laundry, copper plumbing, and newer porches.
4927 S. Prairie presents an investor with the incredible opportunity to acquire a stabilized asset in Chicago's historic Bronzeville neighborhood. With the current operation from day one, an investor will realize a 7.67% cap rate and a 7.92% cash return. By increasing rent already achieved in the area, an investor can achieve a cap rate of 9.68% and a 15.97% cash return.