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, 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 8% and cash returns approaching 10%. Through improved leasing, optimized management, and raising rents to levels already achieved in the building, a new owner will realize a cap rate exceeding 10% and returns of 18%.