7908-7926 S Ingleside Ave 34 Unit Apartment Building $1,500,000 ($44,118/Unit) 16.66% Cap Rate Chicago, IL 60619

Kiser Group is pleased to exclusively present for purchase 7908 S. Ingleside, a 34-unit center-entranced courtyard located in Chicago’s East Chatham neighborhood. The property is tucked away on a quiet, tree-lined street and is one (1) block away from Grand Crossing Park. Additionally, the property sits just a few blocks away from the 79th and Chatham Metra station providing tenants quick and easy access to downtown Chicago via train.
7908 S. Ingleside is comprised of 34 total units, made up of twelve (14) 1b/1ba and twenty-two (20) 2b/1ba units. All of the units have spacious layouts with hardwood flooring and most of the units having both a living and dining room. The majority of the units are in need of updating and TLC work. Additionally, the building consists of all copper plumbing, modern Weil McClain Boilder, newer hot water tanks, and an on-site laundry facility.
7908 S. Ingleside requires plenty of TLC, providing a new owner the opportunity to add significant value through renovations of the apartments. This is a unique opportunity to hand-select a tenant base and an owner can achieve a cash-flowing asset by setting rental rates already achieved in the area.