Kiser Group is pleased to exclusively present for purchase, 2800 W. Washington Blvd. Located on historic Washington Boulevard., this newly renovated Queen Ann style building sits just one block south of the CTA California Green Line Station and just a few blocks West of The United Center.
The building is comprised of fifteen (15) one-bedroom apartments and was substantially updated in 2018. All apartments feature new gas ranges, refrigerators, shades, and plank vinyl flooring. All kitchens and baths have new plumbing fixtures, ceramic wall tile, and VCT flooring. All building mechanical systems are new, including: 100% copper plumbing, furnaces, electric service, and roof.
2800 W. Washington is a fully stabilized asset, that serves the affordable housing needs of Senior Citizens and Veterans. The building contains a strong subsidized tenant base with 11/15 voucher tenants. From day one investors will realize an in-place cap rate of 8% and cash returns exceeding 11%.