Kiser Group is pleased to exclusively offer for purchase the sale of 8557 S. Bennett, a meticulously maintained thirteen (13) unit property in Chicago’s highly desirable Calumet Heights neighborhood. The building is nestled away on a quiet, tree-lined street, amongst single-family homes. Additionally, the building sits just a few blocks off the Dan Ryan Expressway, providing quick and easy access to downtown Chicago in roughly fifteen (15) minutes.
8557 S. Bennett is currently comprised of thirteen (13) 1Bd/1Ba. All of which, however, are incredibly spacious with hardwood floors and feature an abundance of natural light. Recent capital improvements to the building consist of, but not limited to: updated kitchens and baths, masonry and tuckpointing work, along with plumbing improvements.
8557 S. Bennett presents an investor an unique opportunity to acquire a strong, positive cash-flowing building in an incredibly desirable pocket of Calumet Heights. From day one, an investor will realize an in-place cap rate of 10% along with an equally impressive double-digit cash return of 18.12%.