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8557 S Bennett Ave 13 Unit Apartment Building $975,000 ($75,000/Unit) 10.35% Cap Rate Chicago, IL 60617
Investment Highlights
- Prime Calumet Heights Location
- Updated Kitchens and Baths
- Thirteen (13) 1Bd/1Ba Units
- Abundance of Masonry and Tuckpointing Work
Executive Summary
Kiser Group is pleased to exclusively offer for purchase the sale of 8557 S. Bennett, a meticulously maintained thirteen (13) unit property in Chicago’s highly desirable Calumet Heights neighborhood. The building is nestled away on a quiet, tree-lined street, amongst single-family homes. Additionally, the building sits just a few blocks off the Dan Ryan Expressway, providing quick and easy access to downtown Chicago in roughly fifteen (15) minutes.
8557 S. Bennett is currently comprised of thirteen (13) 1Bd/1Ba. All of which, however, are incredibly spacious with hardwood floors and feature an abundance of natural light. Recent capital improvements to the building consist of, but not limited to: updated kitchens and baths, masonry and tuckpointing work, along with plumbing improvements.
8557 S. Bennett presents an investor an unique opportunity to acquire a strong, positive cash-flowing building in an incredibly desirable pocket of Calumet Heights. From day one, an investor will realize an in-place cap rate of 10.35% along with an equally impressive double-digit cash return of 19.23%.
8557 S. Bennett is currently comprised of thirteen (13) 1Bd/1Ba. All of which, however, are incredibly spacious with hardwood floors and feature an abundance of natural light. Recent capital improvements to the building consist of, but not limited to: updated kitchens and baths, masonry and tuckpointing work, along with plumbing improvements.
8557 S. Bennett presents an investor an unique opportunity to acquire a strong, positive cash-flowing building in an incredibly desirable pocket of Calumet Heights. From day one, an investor will realize an in-place cap rate of 10.35% along with an equally impressive double-digit cash return of 19.23%.
Property Facts
| Price | $975,000 | Apartment Style | Low-Rise |
| Price Per Unit | $75,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 10.35% | Building Size | 10,538 SF |
| No. Units | 13 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1929 |
| Zoning | RS-2 | ||
| Price | $975,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Cap Rate | 10.35% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 10,538 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 1929 |
| Zoning | RS-2 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Eat-in Kitchen
- Hardwood Floors
- Refrigerator
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 616 |
1 1
Walk Score®
Very Walkable (81)
Property Taxes
| Parcel Number | 20-36-322-020-0000 | Improvements Assessment | $75,704 |
| Land Assessment | $9,796 | Total Assessment | $85,500 |
Property Taxes
Parcel Number
20-36-322-020-0000
Land Assessment
$9,796
Improvements Assessment
$75,704
Total Assessment
$85,500
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8557 S Bennett Ave
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