1901 Garfield - Apartments FOR SALE


Chicago, IL 60636- West Englewood
$850,000 USD
773-293-5086
1901 Garfield, Chicago, IL for Sale
$850,000 USD
Apartments - FOR SALE
1/5
null | 9.29% Cap Rate

1901 Garfield
Chicago, IL 60636
West Englewood


HIGHLIGHTS

  • New Weil-McClain Boiler (2025)
  • Incredibly Spacious Floor Plans with Separate Living & Dining Rooms
  • Desirable Unit Mix: Eight (8) 1bd/1ba Units and Five (5) 2bd/1ba Units
  • Potential to Convert 1 Bed Units to 2-Bed Units with Ease
  • Prime Location on Garfield Boulevard

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 1901 W. Garfield, a beautiful nineteen (19) unit building in Chicago's historic Englewood neighborhood. The building sits along the iconic tree lined Garfield Boulevard, offering immediate access to the Dan Ryan Expressway and the CTA Red Line Garfield Station. 1901 W. Garfield presents a desirable unit mix, comprised of (8) 1BD/1BA & (5) 2BD/1BA, all of which feature incredibly spacious layouts with living rooms and dining rooms, private balconies, and hardwood flooring throughout. Recent improvements to the building include but are not limited to: a new Weil McClain Boiler (2025), copper plumbing, and a newer 100G hot water tank. From day one a new investor will realize and in place cap rate of 9.29% and cash returns over 14%. Through improved leasing, optimized management, and raising rents to levels already achieved in the building, a new owner will realize a cap rate over 13% and cash returns over 30%.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$67 USD /SF

# OF UNITS

13

PRICE/UNIT

$65,385

CAP RATE

9.29%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1916

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RT-5

APN/PARCEL ID

20-18-201-008-0000

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.