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The Island Portfolio 1 Multifamily Properties Offered at $4,000,000 in Chicago, IL
Investment Highlights
- Rarely available 50 units in The Island
- Individual Furnaces
- Newer Porches
- Sixteen (16) 2Bd/1Ba, Nineteen (19) 1Bd/1Ba, Eight (8) Studios, & Seven (7) Retail
- Individual Hot Water Tanks
Executive Summary
Kiser Group is pleased to exclusively offer for purchase the sale of 5944 W. Roosevelt, a thirty-eight (38) unit mixed use property and 1054 S, Mason, a twelve (12) unit walkup located in Chicago’s West Side's most desirable pocket, "The Island". The properties sit just a few blocks from Chicago's Blue Line "El" train station at Austin as well as Columbus Park, which features ball fields, a theater, a pool & golf course.
5944 W. Roosevelt & 1054 S, Mason have a total unit composition of sixteen (16) 2Bd/1Ba, nineteen (19) 1Bd/1Ba, eight (8) studios, & seven (7) retail units. Furthermore, the building boasts newer windows, individual furnaces, individual hot water heaters & storage tanks, newer porches, and an abundance of masonry and tuckpointing work.
5944 W. Roosevelt & 1054 S, Mason provides an investor with a unique opportunity to acquire a stabilized and strong cash-flowing asset in Chicago’s desirable pocket of The Island. From day one, a new owner will capitalize on an incredibly strong tenant base and will realize an in-place cap rate of 9% and a cash return of 13.30%. Through improved leasing, management, and raising rents to levels already being achieved in the area, an investor has the opportunity to achieve a cap rate over 12%.
5944 W. Roosevelt & 1054 S, Mason have a total unit composition of sixteen (16) 2Bd/1Ba, nineteen (19) 1Bd/1Ba, eight (8) studios, & seven (7) retail units. Furthermore, the building boasts newer windows, individual furnaces, individual hot water heaters & storage tanks, newer porches, and an abundance of masonry and tuckpointing work.
5944 W. Roosevelt & 1054 S, Mason provides an investor with a unique opportunity to acquire a stabilized and strong cash-flowing asset in Chicago’s desirable pocket of The Island. From day one, a new owner will capitalize on an incredibly strong tenant base and will realize an in-place cap rate of 9% and a cash return of 13.30%. Through improved leasing, management, and raising rents to levels already being achieved in the area, an investor has the opportunity to achieve a cap rate over 12%.
Property Facts
| Price | $4,000,000 | Number of Properties | 2 |
| Price / SF | $102.96 / SF | Individually For Sale | 0 |
| Cap Rate | 9.01% | Total Building Size | 38,850 SF |
| Sale Type | Investment | Total Land Area | 0.56 AC |
| Status | Active |
| Price | $4,000,000 |
| Price / SF | $102.96 / SF |
| Cap Rate | 9.01% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 38,850 SF |
| Total Land Area | 0.56 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Roosevelt 38
5944-5946 W Roosevelt Rd, Chicago, IL 60644 |
Multifamily | 38,850 SF | 1925 | - |
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