Kiser Group is pleased to exclusively offer for purchase 6957 S. Michigan, a twenty-five (25) unit apartment building located in the Grand Crossing neighborhood of Chicago’s South Side. Sitting just north of Chatham, 6957 S. Michigan is located on a quiet block of Park Mano roughly three (3) blocks away from Chicago’s Red Line “El” train station at 69th and the Dan Ryan Expressway.
6957 S. Michigan is comprised of nine (9) studios, thirteen (13) 1Bd/1Ba, and three (3) 2Bd/1Ba units. Each unit consists of hardwood floors throughout. Recent improvements to the building consist of, but not limited to: newer porches, modern boiler, newer (2019) hot water tank, and an abundance of masonry and tuckpointing work.
6957 S. Michigan presents an investor an incredible opportunity to acquire a stabilized, cash flowing asset in Chicago’s Grand Crossing neighborhood. With the current operation from day one, an investor will realize over a 10.33% cap rate and a 18.58% cash return.