5901 W Fillmore St - Apartments FOR SALE


Chicago, IL 60644- Austin
$975,000 USD
773-293-5060
5901 W Fillmore St, Chicago, IL for Sale
$975,000 USD
Apartments - FOR SALE
1/8
null | 8.04% Cap Rate

5901 W Fillmore St
Chicago, IL 60644
Austin


HIGHLIGHTS

  • Fully Occupied & Stabilized Asset
  • New Weil-McClain Boiler
  • Two New Hot Water Tanks (2024)
  • Copper Plumbing
  • Newer Porches
  • On-Site Laundry Facility | Spacious units with Living & Dining Room

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase the sale of 5901 W. Filmore, a nine (9) unit walkup located in Chicago’s West Side's most desirable pocket, "The Island". The property sits on a quiet, tree-lined street just two (2) blocks from Chicago's Blue Line "El" train station at Austin. Additionally, the property is located roughly three (3) blocks from Columbus Park, which features ball fields, a theater, a pool & golf course, and just one (1) block from Roosevelt Rd, which features an abundance of public transit and retail options. 5901 W. Filmore is comprised solely of nine (9) 1bd/1ba units, all of which are incredibly spacious and feature a living room & dining room. All of the units have been renovated and equipped with updated kitchens and baths, as well as hardwood flooring throughout. Furthermore, the building boasts newer windows, a new Weil-McLain boiler, a new water heater (2025), updated copper plumbing, and a full-service laundry room. 5901 W. Filmore provides an investor with a unique opportunity to acquire a stabilized and strong cash-flowing asset in Chicago’s desirable pocket of The Island. From day one, a new owner will capitalize on an incredibly strong and long-term tenant base, and will realize an in-place cap rate over 8% and a cash return of 9.42%. Through improved leasing, management, and raising rents to levels already being achieved in the building, an investor has the opportunity to achieve a cap rate of nearly 10%.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

9

PRICE/UNIT

$108,333

CAP RATE

8.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,626 SF

ZONING

RS-3

APN/PARCEL ID

16-17-410-016-0000

ASK ABOUT THIS PROPERTY

Noah ClarkKiser GroupMore Info
773-293-5060

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

Noah ClarkKiser GroupMore Info
773-293-5060

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