7906 S Wabash Ave 17 Unit Apartment Building $1,500,000 ($88,235/Unit) 10% Cap Rate Chicago, IL 60619

Kiser Group is pleased to exclusively offer for purchase 7900 S. Wabash, a meticulously maintained seventeen (17) unit building in Chicago's historic Chatham neighborhood. Located in the heard of Chatham Proper, the building is situated with incredibly convenient access to CTA bus and train stops, and it’s also just a block away from I-94, which provides tenants easy access to and from Chicago's downtown.
7900 S. Wabash is comprised of eleven (11) 2Bd/1Ba & six (6) 1Bd/1Ba units, all of which have been updated with modern kitchens and baths. The apartments also have beautiful hardwood flooring throughout and an abundance of natural light. Recent capital improvements to the building include, but are not limited to, updated roof, newer hot water tank (2022), and an abundance of masonry work.
7900 S. Wabash presents an investor with the opportunity to acquire a true turn key property in one of the South Side's most sought
after neighborhoods. From day one, an investor will realize a cap rate of 10% and a cash return of 17.25%. By raising rents to levels already being achieved in the area there is an opportunity to achieve a cap rate over 13% and a cash return of over 30%.