Kiser Group is pleased to exclusively present for purchase 8109 W. Lawrence, a well-maintained five (5) unit building located in a desirable Northwest Side location of Chicago. The property benefits from its proximity to public transportation, retail corridors, restaurants, and major commuter routes, making it an attractive option for a wide range of tenants.
8109 W. Lawrence features a diverse unit mix consisting of one (1) 3Bd/1Ba unit, one (1) 2Bd/1Ba unit, one (1) studio unit, and two (2) 1Bd/1Ba units. The variety of layouts allows the property to appeal to multiple tenant profiles while providing stability through diversified rental demand.
The building currently operates at a 3.99% in-place cap rate, presenting investors with the opportunity to add value through continued operational improvements and rental growth. Additionally, the property offers a pro forma cash-on-cash return of 2.46%, creating long-term upside potential in a strong and stable rental market.