1621 S Komensky Ave - Multi-Family FOR SALE


Chicago, IL 60623- Lawndale
$1,150,000 USD
773-293-5086
1621 S Komensky Ave, Chicago, IL for Sale
$1,150,000 USD
Multi-Family - FOR SALE
1/5
null | 8.23% Cap Rate

1621 S Komensky Ave
Chicago, IL 60623
Lawndale


HIGHLIGHTS

  • Renovated & Stabilized Asset
  • In-Unit Furnaces
  • New Porches (2019)
  • New Windows
  • Newer Water Heater (2017)
  • Updated Copper Plumbing

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase the sale of 1621 S. Komensky, a thirteen (13) unit walk-up located in Chicago’s historic Lawndale neighborhood. The property conveniently sits just one block from Pulaski Rd and 16th St., which provides tenants with an abundance of public transit and retail options. Furthermore, the property is just three (3) blocks to Chicago's Pink Line, "El" train station at Pulaski, which provides tenants a quick and easy commute to Chicago's downtown. 1621 S. Komensky is comprised of two (2) 3bd/1ba units, four (2) 2bd/1ba units, and seven (7) 1bd/1ba units. All of which, however, are incredibly spacious and feature hardwood flooring throughout. Recent capital improvements to the building consist of, but are not limited to: new windows (roughly 50%), new porches (2019), in-unit furnaces, a newer water heater (2017), newly remodeled units, and updated copper plumbing. 1621 S. Komensky presents an investor with a unique opportunity to acquire a stabilized, cash-flowing asset with a significant value-add play. From day one, an investor will realize a cap rate of 8.23%. Through improved leasing & management and raising rents to levels already being achieved in the building, an investor has the opportunity to achieve a cap rate of 9% and above, and a cash return over 17%.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

13

PRICE/UNIT

$88,462

CAP RATE

8.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jack PetrandoKiser GroupMore Info
773-293-5086

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

Jack PetrandoKiser GroupMore Info
773-293-5086

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