8201 S. Vernon - Multi-Family FOR SALE


Chicago, IL 60619- Chatham
$1,200,000 USD
773-293-5090
8201 S. Vernon, Chicago, IL for Sale
$1,200,000 USD
Multi-Family - FOR SALE
1/5
null | 9% Cap Rate

8201 S. Vernon
Chicago, IL 60619
Chatham


HIGHLIGHTS

  • Eight (8) 1Bd/1Ba & Seven (7) 2Bd/1Ba Units
  • Spacious Units w/ Modern Kitchens & Baths
  • Abundance of Recent Masonry & Tuckpointing Work
  • Prime Chatham Location

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 8201 S. Vernon, a fifteen (15) unit apartment building located in the heart of Chicago's Chatham neighborhood. The property benefits from convenient access to public transportation, including nearby CTA bus routes and the Metra Electric line, providing residents with direct connectivity throughout the city. Additionally, the building is situated near major thoroughfares such as 79th Street and the Dan Ryan Expressway, offering easy access for commuters. Residents enjoy proximity to neighborhood retail, restaurants, grocery stores, parks, and other daily conveniences, making the property well-positioned within one of Chicago's most established South Side communities. The property is comprised of eight (8) 1Bd/1Ba units and seven (7) 2Bd/1Ba units, providing a desirable mix that caters to both individual renters and small families. The units feature stainless steel appliances and hardwood floors throughout, creating an attractive living environment that appeals to today's renters. The combination of functional layouts, modern finishes, and strong tenant demand has contributed to the property's stable performance and provides investors with a solid foundation for future growth. From day one, an investor will realize a 9.0% cap rate and a 13.25% cash return. Through continued rent growth and operational efficiencies, the asset has the potential to achieve a 13.08% pro forma cap rate and a 29.55% pro forma cash return, presenting a compelling opportunity for investors seeking both immediate yield and substantial upside potential.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

15

PRICE/UNIT

$80,000

CAP RATE

9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RT-4

APN/PARCEL ID

20-34-225-001-0000

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.