8557 S Bennett Ave - Apartments FOR SALE


Chicago, IL 60617- Calumet Heights
$1,075,000 USD
773-293-5032
8557 S Bennett Ave, Chicago, IL for Sale
$1,075,000 USD
Apartments - FOR SALE
1/5
null | 10.07% Cap Rate

8557 S Bennett Ave
Chicago, IL 60617
Calumet Heights


HIGHLIGHTS

  • Prime Calumet Heights Location
  • Thirteen (13) 1Bd/1Ba Units
  • Updated Kitchens and Baths
  • Abundance of Masonry and Tuckpointing Work

OVERVIEW

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%.

FOR SALE DETAILS

PRICE

$1,075,000 USD

PRICE/SF

$102 USD /SF

# OF UNITS

13

PRICE/UNIT

$82,692

CAP RATE

10.07%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,810 SF

ZONING

RS-2

APN/PARCEL ID

20-36-322-020-0000

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 Policy.