7704 S Emerald Ave 14 Unit Apartment Building $1,025,000 ($73,214/Unit) 10.08% Cap Rate Chicago, IL 60620

Kiser Group is pleased to exclusively present for purchase 7704 S. Emerald, a fourteen (14) unit apartment building located in Chicago's Auburn Gresham neighborhood. The building sits on a quiet, residential block nestled amongst single-family residences and just blocks away from the neighborhood’s Hamilton Park. The property provides two easy points to access Chicago downtown: The Metra Gresham train stop or just a 20-minute drive taking the Dan Ryan Expressway.
7704 S. Emerald is comprised of fourteen (14) 1Bd/1Ba. All units are incredibly spacious featuring an abundance of natural light and hardwood flooring throughout. Recent improvements to the building include, but are not limited to, new boiler, new hot water tank, updated copper plumbing, on-site laundry facility, and updated copper plumbing.
7704 S. Emerald provides an investor with the opportunity to acquire a stabilized, cash-flowing property. From day one, its next owner will realize a cap rate of 10.08% and a cash return over 17.58%. Furthermore, solely by raising rents to levels already being attained in the building, an investor could achieve a cap rate of over 11.41% and cash return of nearly 23%.