1901 W Garfield Blvd - Apartments FOR SALE


Chicago, IL 60636- West Englewood
$1,075,000 USD
773-293-5086
1901 W Garfield Blvd, Chicago, IL for Sale
$1,075,000 USD
Apartments - FOR SALE
1/8
null | 8.04% Cap Rate

1901 W Garfield Blvd
Chicago, IL 60636
West Englewood


HIGHLIGHTS

  • Incredibly Spacious Floorplans with Separate Living & Dining Rooms
  • Potential to Convert 1 Bed Units to 2 Beds with Ease
  • Brand New Weil McClain Boiler (2025)
  • Prime Location on Garfield Boulevard
  • Below Market Rents With Significant Value Add Potential

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, 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%.

FOR SALE DETAILS

PRICE

$1,075,000 USD

PRICE/SF

$84 USD /SF

# OF UNITS

13

PRICE/UNIT

$82,692

CAP RATE

8.04%

% 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 Policy.