Kiser Group is pleased to exclusively present the sale of 7816 S. Cornell, a thirty-one (31) unit courtyard building located in Chicago's historic South Shore neighborhood. Situated on a quiet, tree-lined street, the property is located nearby South Shore's commercial corridor, giving residence easy access to numerous grocers, restaurants, and transportation. 7816 S. Cornell is boasts a desirable unit mix, consisting of entirely 2 Beds/1 Baths. With the building recently being renovated in 2018, each apartment features updated quality finishes, including stainless steel appliances, resurfaced hardwood floors, as well as updated bathrooms. Furthermore, recent improvements include a new central boiler, windows, electric, an updated silver-coated roof, and an on-site laundry facility. This building offers a potential investor an opportunity to acquire a stable, cash-flowing asset at an in-place cap rate of over 10%. With the potential to raise rents to market rates, as well as generate parking income from the back lot, there is additional opportunity to achieve a proforma cap rate of over 12%. ASSUMABLE FINANCING: Buyer has the option to assume the current loan, approximate terms are: - $2,097,780 - 4.66% Fixed Until July, 1, 2029