10% Cap Rate | 6 Units 7131-7133 S Harvard Ave 6 Unit Apartment Building $645,000 ($107,500/Unit) 11.75% Cap Rate Chicago, IL 60621

Kiser Group is pleased to exclusively present for purchase 7133 S. Harvard, a complete gut rehab (2020), six (6) unit building located on a quiet, tree- lined street in Chicago's Greater Grand Crossing neighborhood. The property has been extremely well maintained and is situated just a few blocks from, both, the Dan Ryan Expressway and the CTA Red Line (69th Stop), both of which provide tenants with easy access to all public transportation throughout Chicago and a quick commute to Chicago’s Downtown.
7133 S. Harvard is comprised of six (6) 3Bd/1Ba units. Each unit boasts an open and spacious layout consisting of hardwood floors, large separate living rooms, and individually furnaced apartments. Recent improvements to the building consist of, but not limited to: copper plumbing, code compliant porches, individual HVAC, and stainless steel appliances.
7133 S. Harvard presents an investor an incredible opportunity to acquire a stabilized, cash-flowing asset in Chicago’s Greater Grand Crossing neighborhood. With the current operation from day one, an investor will realize a 11.75% cap rate and a 24.24% cash return. By increasing rent already achieved in the area, an investor can achieve a cap rate of 12.56% and a 27.50% cash return.