2019 W 111th St - Apartments FOR SALE


Chicago, IL 60643- Morgan Park
$750,000 USD
773-293-5056
2019 W 111th St, Chicago, IL for Sale
$750,000 USD
Apartments - FOR SALE
1/7
null | 8.71% Cap Rate

2019 W 111th St
Chicago, IL 60643
Morgan Park


HIGHLIGHTS

  • Metra Distance: 0.1 Miles
  • Updated Units: Kitchens, Baths, & Flooring
  • Newer Pitched Roof (5 Years Old)
  • Baseboard Heat
  • On-Site Parking & Laundry

OVERVIEW

Kiser Group is pleased to present 2019 W. 111th Street for exclusive purchase. This five-unit multifamily property is located in a desirable pocket of Chicago’s Morgan Park neighborhood. Residents enjoy proximity to parks, public transportation via the 111th Street Metra Station, and a short drive to downtown Chicago. The unit mix includes four (4) 1-bedroom/1-bath units and one (1) 2-bedroom/1-bath unit. With modest cosmetic upgrades—such as new flooring, kitchen finishes, and bathroom improvements—a new owner can unlock additional value through improved building performance and strategic management. Currently stabilized with strong income from CHA Mobility Rents, the asset offers immediate cash flow and significant upside potential through light renovations and active management.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

5

PRICE/UNIT

$150,000

CAP RATE

8.71%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,998 SF

ZONING

RT-4

APN/PARCEL ID

25-19-103-016-0000

ASK ABOUT THIS PROPERTY

John GeorgeKiser GroupMore Info
773-293-5056

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John GeorgeKiser GroupMore Info
773-293-5056

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