Kiser Group is pleased to exclusively offer for purchase 8213 S. Cottage Grove, a meticulously maintained ten (10) unit building in Chicago's historic Chatham neighborhood. Located just three (3) block south of the 79th Street Corridor, the building offers convenient access to CTA bus and train stops, I-94, and Chicago's downtown.
8213 S. Cottage Grove is comprised of two (2) 2Bd/1Ba, six (6) 1Bd/Ba, and two (2) commercial units. All of which feature spacious units with hardwood floors throughout. Recent improvements to the building include, newer 600 Amp electric service, individual furnaces, new hot water heater (2025) and storage tanks (2017).
8213 S. Cottage Grove presents an investor with the opportunity to acquire a stabilized, cash flowing asset in one of the South Side's most sought after neighborhoods. From day one, an investor will realize a cap rate over 10% and a cash return of 17.87%. Furthermore, by raising rents to levels already being achieved in the building and surrounding area, an investor could achieve a cap rate over 14% and a cash return of 35%.