7205 S. Bennett ave - Multi-Family FOR SALE


Chicago, IL 60649- South Shore
$1,850,000 USD
773-293-5090
7205 S. Bennett ave, Chicago, IL for Sale
$1,850,000 USD
Multi-Family - FOR SALE
1/5
null | 9% Cap Rate

7205 S. Bennett ave
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • Twelve (12) 2Bd/1Ba & Fourteen (14) 1Bd/1Ba Units
  • All 1Bd/1Ba Units Can be Converted to 2Bd/1Ba Units
  • First Time on Market in 30+ Years
  • Prime South Shore Location

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 7205 S. Bennett Ave., a 26-unit multifamily investment opportunity located in Chicago's South Shore neighborhood. Just one block from the Bryn Mawr Metra Electric Station, the property offers residents convenient access to Downtown Chicago while benefiting from South Shore's continued investment activity and strong rental demand. The property features a well-balanced unit mix of fourteen (14) one-bedroom and twelve (12) two-bedroom apartments. All one-bedroom units offer the potential to be converted into two-bedroom layouts, providing investors with a clear value-add opportunity to increase rental income and maximize long-term returns. Offered at $1,850,000 ($71,154 per unit), the asset delivers an attractive 9.00% in-place cap rate with significant upside. Through unit conversions and continued rental growth, investors have the opportunity to increase returns to a projected 14.36% pro forma cap rate, making this an exceptional acquisition with both strong in-place cash flow and substantial value-add potential.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$95 USD /SF

# OF UNITS

26

PRICE/UNIT

$71,154

CAP RATE

9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

20-25-120-002-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

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