Kiser Group is pleased to exclusively present for purchase 1643 E. 85th Place, a Twenty (20) unit courtyard located in Chicago's Calumet Heights neighborhood. 1643 E. 85th Pl sits in Chicago’s South Side, offering residents solid connectivity with multiple transit options nearby and quick access to major roadways. Local amenities include nearby grocery stores, schools, and abundant park space, making it a location that blends convenience with neighborhood charm.
1643 E. 85th Pl consists of Twenty (20) 1Bd/1Ba units. All of which have spacious layouts. Recent improvements to the building consist of but are not limited to: modern boiler, code-compliant porches, and an abundance of masonry and tuckpointing work.
1643 E. 85th Pl presents an investor the opportunity to acquire a strong, positive cash-flowing building with an in-place cap rate of 9.23% and cash return of 14.17%. By increasing rents to rates already achieved in the area, there is an opportunity to achieve a 11.33% cap rate and a proforma cash return of 22.58%