Kiser Group is offering 15737-15741 Thomas Ln, a rare 13-unit multifamily property in Oak Forest, IL, just 24 miles southwest of downtown Chicago. Oak Forest is known for its welcoming atmosphere, excellent schools, and high quality of life, with a mix of residential areas, commercial districts, and green spaces, plus easy access to highways and public transportation.
The property includes eleven 2BD/1BA and two 1BD/1BA apartments, two deeded parking garages with twelve spaces, and laundry rooms in both buildings. Heated by modern boiler systems, the units have an average rent of $1,480/month and a proforma cap rate of 8.56%. This is a lucrative investment opportunity in a sought-after market, with potential for enhanced returns through strategic leasing and modernization efforts.