Kiser Group is pleased to exclusively present for purchase 441 W. 107th Street, a well-maintained six-unit multifamily building located in Chicago's Roseland neighborhood. This investment offers strong in-place cash flow with additional upside, making it an excellent opportunity for investors seeking both immediate income and future value creation.
The property consists of one (1) 1Bd/1Ba unit and five (5) 2Bd/1Ba units, offering a highly desirable unit mix for a broad tenant base. Each apartment features hardwood floors throughout, while tenants also enjoy the convenience of on-site parking and other amenities that enhance long-term tenant retention and occupancy.
The property delivers an attractive 10.04% capitalization rate and 17.42% cash-on-cash return in its current operation. Through continued rental growth and operational improvements, investors have the opportunity to achieve a 13.04% pro forma capitalization rate and an exceptional 29.41% pro forma cash-on-cash return, making 441 W. 107th Street a compelling value-add investment opportunity.