8100 S May St - Apartments FOR SALE


Chicago, IL 60620- Gresham
$575,000 USD
773-293-5032
8100 S May St, Chicago, IL for Sale
$575,000 USD
Apartments - FOR SALE
1/4
null | 8.64% Cap Rate

8100 S May St
Chicago, IL 60620
Gresham


HIGHLIGHTS

  • Three (3) Blocks from Saint Sabina Church
  • Newly Renovated Kitchens & Baths
  • Individual Furnaces
  • Prime Auburn Gresham Location

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 8100 S. May, a well-maintained six (6) unit building located on a quiet, residential block on Chicago’s South Side. The property benefits from its convenient location with access to nearby transportation, retail corridors, and neighborhood amenities. 8100 S. May features a desirable unit mix consisting of two (2) 2Bd/1Ba units and four (4) 1Bd/1Ba units, catering to a wide range of tenant demand. Each unit is filled with abundant natural light and has been improved with updated finishes. The building presents investors with an attractive in-place cap rate of 8.64%, offering strong day-one returns. With continued operational improvements and rent optimization, the asset has the potential to achieve a 10.69% pro forma cap rate. Investors can also benefit from a 12.41% cash-on-cash return in its current condition, with the opportunity to increase returns to 20.61% on a pro forma basis, making 8100 S. May a compelling investment opportunity with both immediate income and significant upside potential.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

6

PRICE/UNIT

$95,833

CAP RATE

8.64%

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,373 SF

ZONING

RS-3

APN/PARCEL ID

20-32-216-021-0000

ASK ABOUT THIS PROPERTY

Aaron SklarKiser GroupMore Info
773-293-5032

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Aaron SklarKiser GroupMore Info
773-293-5032

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