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8133 S Ingleside Avenue 6 Unit Apartment Building Offered at $650,000 at a 9.10% Cap Rate Chicago, IL 60619
Investment Highlights
- Very Desirable Unit Mix - Three (3) 2Bd/1Ba & Three (3) 3Bd/1Ba Units
- Spacious Units w/ New Modern Kitchens & Baths
- Individual Furnaces & Hot Water Tanks
- Prime Chatham Location
Executive Summary
Kiser Group is pleased to exclusively offer for purchase 8133 S. Ingleside, a six (6) unit apartment building located in the Chatham/Greater Grand Crossing area on Chicago’s South Side. Situated along South Ingleside Avenue, the property benefits from convenient access to public transportation, major roadways, and nearby neighborhood amenities.
8133 S. Ingleside is comprised of three (3) 2Bd/1Ba units and three (3) 3Bd/1Ba units, offering a desirable unit mix for a wide tenant base. Each unit features spacious layouts and is equipped with individual HVAC systems and separate hot water heaters, providing added efficiency and utility control for tenants.
8133 S. Ingleside presents investors with an excellent opportunity to acquire a stabilized, income-producing asset in a solid South Side rental market. Based on current operations, an investor can expect to achieve approximately a 9.1% cap rate and a 14.24% cash-on-cash return from day one.
8133 S. Ingleside is comprised of three (3) 2Bd/1Ba units and three (3) 3Bd/1Ba units, offering a desirable unit mix for a wide tenant base. Each unit features spacious layouts and is equipped with individual HVAC systems and separate hot water heaters, providing added efficiency and utility control for tenants.
8133 S. Ingleside presents investors with an excellent opportunity to acquire a stabilized, income-producing asset in a solid South Side rental market. Based on current operations, an investor can expect to achieve approximately a 9.1% cap rate and a 14.24% cash-on-cash return from day one.
Property Facts
| Price | $650,000 | Property Type | Multifamily |
| Price Per Unit | $108,333 | Building Size | 10,747 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 9.10% | Year Built | 1924 |
| No. Units | 6 |
| Price | $650,000 |
| Price Per Unit | $108,333 |
| Sale Type | Investment |
| Cap Rate | 9.10% |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 10,747 SF |
| No. Stories | 3 |
| Year Built | 1924 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | 900 |
| 3+1 | 3 | - | 1,000 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
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8133 S Ingleside Avenue
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