Kiser Group is pleased to exclusively offer for purchase 6119 S. Greenwood, a rarely available eight (8) unit, courtyard building located just outside of Hyde Park in Chicago’s East Woodlawn neighborhood. The property is located just blocks from the prestigious University of Chicago. Additionally, the asset sits just blocks away from the construction site of the future Obama Presidential Library,
6119 S. Greenwood is uniquely comprised solely of four-bedroom apartment units. Four (4) of which are 4Bd/2Bath and four (4) are 4Bd/3Ba All of which, however, are incredibly spacious and outfitted with original hardwood flooring throughout and updated kitchens and baths. Throughout the years, the building has underwent significant and extensive improvements consist of, but not limited to: 100% copper plumbing throughout, individual furnaces, in-unit washer & dryer, eight (8) garage spaces, and an abundance of cosmetic updates.
6119 S. Greenwood presents an investor the opportunity to acquire a rarely available and highly desirable building in one of Chicago’s fastest growing and rapidly expanding neighborhoods. Furthermore, from day one, a new owner will benefit from an place cap rate of 7% and a proforma cap rate of 8.72%.