Fully gut-renovated six-unit walk-up in South Shore, one block to the South Shore Cultural Center, Metra, and Lake Michigan. 100% occupied with all six units leased to CHA Housing Choice Voucher holders — government-backed rent, zero credit risk.
2016 renovation included new electrical, plumbing, kitchens, baths, windows, and refreshed interiors — minimal near-term cap-ex. Unit mix: 4 × 2BR/1BA and 2 × 3BR/1BA, each ~1,200 SF with separate living/dining rooms, dual sunrooms, and original exposed brick.
In-place Year 1 CAP rate of 8.12% on $750,000 ($125,000/unit). Mark-to-market upside of ~$7,000/yr available on natural turnover. 2027 Cook County reassessment fully underwritten — five-year average CAP of 8.11%.
South Side catalyst pipeline within minutes: Illinois Quantum & Microelectronics Park (former U.S. Steel South Works), Obama Presidential Center, and Regal Mile Studios.