7906 S Wabash Ave - Apartments FOR SALE


Chicago, IL 60619- Chatham
$1,500,000 USD
773-293-5090
7906 S Wabash Ave, Chicago, IL for Sale
$1,500,000 USD
Apartments - FOR SALE
1/5
null | 10% Cap Rate

7906 S Wabash Ave
Chicago, IL 60619
Chatham


HIGHLIGHTS

  • Eleven (11) 2Bd/1Ba & Six (6) 1Bd/1Ba Units
  • Prime Chatham Location
  • Modern Kitchen & Baths
  • Spacious Layouts

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 7900 S. Wabash, a meticulously maintained seventeen (17) unit building in Chicago's historic Chatham neighborhood. Located in the heard of Chatham Proper, the building is situated with incredibly convenient access to CTA bus and train stops, and it’s also just a block away from I-94, which provides tenants easy access to and from Chicago's downtown. 7900 S. Wabash is comprised of eleven (11) 2Bd/1Ba & six (6) 1Bd/1Ba units, all of which have been updated with modern kitchens and baths. The apartments also have beautiful hardwood flooring throughout and an abundance of natural light. Recent capital improvements to the building include, but are not limited to, updated roof, newer hot water tank (2022), and an abundance of masonry work. 7900 S. Wabash presents an investor with the opportunity to acquire a true turn key property in one of the South Side's most sought after neighborhoods. From day one, an investor will realize a cap rate of 10% and a cash return of 17.25%. By raising rents to levels already being achieved in the area there is an opportunity to achieve a cap rate over 13% and a cash return of over 30%.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

17

PRICE/UNIT

$88,235

CAP RATE

10%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

B3-2, Cook

APN/PARCEL ID

20-34-100-007-0000,20-34-100-008-0000,20-34-100-009-0000

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.