1126-1134 N Lawler Ave - Apartments FOR SALE


Chicago, IL 60651- Austin
$2,000,000 USD
773-293-5086
1126-1134 N Lawler Ave, Chicago, IL for Sale
$2,000,000 USD
Apartments - FOR SALE
1/5
null | 8.6% Cap Rate

1126-1134 N Lawler Ave
Chicago, IL 60651
Austin


HIGHLIGHTS

  • Desirable Unit Mix: Six (6) 1bd/1ba and Eighteen (18) 2bd/2ba Units
  • New Porches (2023)
  • New Roof (2023)
  • Boiler Overhaul (2025)
  • Strong Subsidized Tenant Base (~50%)

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 1124-1134 N. Lawler, an eighteen (18) unit walk-up located in Chicago’s historic Austin neighborhood. The property sits on a quiet, tree-lined street just steps away from Division St. and just three (3) blocks from Cicero Ave, which both feature an abundance of retail and public transit. Additionally, the property is located just two (2) blocks from the sizable La Follette (Robert) Park that contains an indoor pool & auditorium, plus athletic fields & playgrounds. 1124-1134 N. Lawler has an incredibly desirable unit composition and is currently comprised of six (6) 1Bd/1Ba units and eighteen (18) 2Bd/1Ba units, all of which feature hardwood flooring throughout. All of the units, have been renovated and equipped with updated kitchens and baths. Furthermore, the building boasts new porches (2023), new roof (2023), newer windows, and major boiler updates (2025). 1124-1134 N. Lawler presents an investor with a unique opportunity to acquire a strong, stabilized cash-flowing asset with an in-place cap rate of 8.6% from day one. Additionally, through improved leasing, management, and raising rents to levels already being achieved in the building, a new investor can realize a cap rate of 10.49% and cash returns of 19.22%.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$90 USD /SF

# OF UNITS

12

PRICE/UNIT

$166,667

CAP RATE

8.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

RS-3

APN/PARCEL ID

16-04-402-036-0000,16-04-402-037-0000

ASK ABOUT THIS PROPERTY

Jack PetrandoKiser GroupMore Info
773-293-5086

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Jack PetrandoKiser GroupMore Info
773-293-5086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.