12% Cap Rate | 26 Units 7200 S Lowe Ave 26 Unit Apartment Building $2,425,000 ($93,269/Unit) 12% Cap Rate Chicago, IL 60621

Kiser Group is pleased to exclusively present for purchase 7200 S. Lowe, a twenty-six (26) unit building located on a quiet, tree- lined street in Chicago's Englewood 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.
7200 S. Lowe is comprised of twelve (12) 1Bd/1Ba, thirteen (13) 2Bd/1Ba, and one (1) studio. Each unit boasts an open and spacious layout consisting of hardwood floors, and large separate living rooms. Recent improvements to the building consist of, but not limited to: copper plumbing, new 400 Amp electric service, newer boiler with R&D control system, newer hot water heater and storage tanks (2019), and onsite laundry facility.
7200 S. Lowe presents an investor an incredible opportunity to acquire a stabilized, cash-flowing asset in Chicago’s Englewood neighborhood. With the current operation from day one, an investor will realize a 12% cap rate and a 25.84% cash return.