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8100 S May St 6 Unit Apartment Building $575,000 ($95,833/Unit) 8.64% Cap Rate Chicago, IL 60620
Investment Highlights
- Three (3) Blocks from Saint Sabina Church
- Individual Furnaces
- Newly Renovated Kitchens & Baths
- Prime Auburn Gresham Location
Executive Summary
Kiser Group is pleased to exclusively present for purchase 8100 S. May, a well-maintained six (6) unit building located on a quiet, residential block on Chicago’s South Side. The property benefits from its convenient location with access to nearby transportation, retail corridors, and neighborhood amenities.
8100 S. May features a desirable unit mix consisting of two (2) 2Bd/1Ba units and four (4) 1Bd/1Ba units, catering to a wide range of tenant demand. Each unit is filled with abundant natural light and has been improved with updated finishes.
The building presents investors with an attractive in-place cap rate of 8.64%, offering strong day-one returns. With continued operational improvements and rent optimization, the asset has the potential to achieve a 10.69% pro forma cap rate. Investors can also benefit from a 12.41% cash-on-cash return in its current condition, with the opportunity to increase returns to 20.61% on a pro forma basis, making 8100 S. May a compelling investment opportunity with both immediate income and significant upside potential.
8100 S. May features a desirable unit mix consisting of two (2) 2Bd/1Ba units and four (4) 1Bd/1Ba units, catering to a wide range of tenant demand. Each unit is filled with abundant natural light and has been improved with updated finishes.
The building presents investors with an attractive in-place cap rate of 8.64%, offering strong day-one returns. With continued operational improvements and rent optimization, the asset has the potential to achieve a 10.69% pro forma cap rate. Investors can also benefit from a 12.41% cash-on-cash return in its current condition, with the opportunity to increase returns to 20.61% on a pro forma basis, making 8100 S. May a compelling investment opportunity with both immediate income and significant upside potential.
Property Facts
| Price | $575,000 | Apartment Style | Low-Rise |
| Price Per Unit | $95,833 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 5,344 SF |
| Cap Rate | 8.64% | Average Occupancy | 33% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1924/2015 |
| Property Subtype | Apartment | ||
| Zoning | RS-3 - Residental and Residental Mid-Rise. | ||
| Price | $575,000 |
| Price Per Unit | $95,833 |
| Sale Type | Investment |
| Cap Rate | 8.64% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.10 AC |
| Building Size | 5,344 SF |
| Average Occupancy | 33% |
| No. Stories | 2 |
| Year Built/Renovated | 1924/2015 |
| Zoning | RS-3 - Residental and Residental Mid-Rise. |
Amenities
Unit Amenities
- Bay Window
- Ceiling Fans
- Kitchen
- Tub/Shower
- Walk-In Closets
- Yard
- Basement
- Dining Room
- Double Pane Windows
- Lawn
- Linen Closet
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 615 |
| 2+1 | 2 | - | 811 |
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Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 20-32-216-021-0000 | Improvements Assessment | $24,813 |
| Land Assessment | $2,188 | Total Assessment | $27,001 |
Property Taxes
Parcel Number
20-32-216-021-0000
Land Assessment
$2,188
Improvements Assessment
$24,813
Total Assessment
$27,001
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8100 S May St
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