Kiser Group is pleased to exclusively offer for purchase the sale of 241-243 N. Homan, a twelve (12) unit walkup located in Chicago’s historic East Garfield Park neighborhood. The property sits just two (2) blocks from Chicago's Green Line "El" train station at Kedzie and roughly seven (7) blocks from the I-290 Express, which both provide tenants a quick and easy commute to Chicago's downtown (roughly 10 minutes.) Furthermore, The property is located just steps away from Garfield Park, which features ponds & gardens, athletic facilities, & the renowned Garfield Park Conservatory. 241-243 N. Homan is comprised of nine (9) 2bd/1ba units and three (3) 1bd/1ba units. All of the units are extremely spacious with hardwood flooring. Recent capital improvements to the building consist of, but are not limited to: new individual furnaces with Air Conditioning & new individual water heaters, a newer roof, a newer 800-amp electrical service with breaker boxes in-unit, porch updates (2020), and copper plumbing throughout. 241-243 N. Homan provides an enormous amount of value-add potential. Through improved leasing and management, and bringing rents to market rate levels, an investor has the ability to achieve at a minimum a 10% cap rate and cash on cash return of 16% and beyond. Furthermore, the property is located in one of Chicago’s most desirable pockets of East Garfield Park, which continues to see a substantial amount of appreciation.