Kiser Group is pleased to exclusively present 7800 S. Cregier, a beautiful fifteen (15) unit property located in Chicago's historic South Shore neighborhood. The property is comprised of thirteen (13) spacious 2b/1ba units and two (2) 1b/1ba units, all open and spacious with hardwood flooring throughout.
The property underwent a significant rehab in 2014. The electric service has been updated including new electrical
home runs and in-unit wiring. Additionally, the units have all been cosmetically renovated and updated with new kitchens, baths, tile, and restored hardwood flooring. Other improvements to the property consist of, but are not limited to, a new rubber roof overlay, new porches, and newer windows. Additionally, there is a common laundry room in the building equipped with two washers and dryers, which provide an investor additional income.
7800 S. Cregier presents an investor the opportunity to acquire an in place 11.1% cap rate. Through improved leaving and management, there is an additional opportunity to increase rents and achieve a 14.2% cap rate and a 38% cash-on-cash return.
12-2bd/1ba Units and 3-1bd/1ba Units
Renovated in 2014
Updated Kitchens & Bathrooms
New Porches, Electric, Copper Plumbing, Water Heaters
On-site Laundry and Security Camera System
11.1% Current Cap. Rate
14.2% Proforma Cap. Rate
