The Island Portfolio Multi-Family FOR SALE


Chicago, IL - Austin
$3,750,000 USD
773-293-5000
, Chicago, IL for Sale
$3,750,000 USD
Multi-Family - FOR SALE
1/9
null | 9.61% Cap Rate

The Island Portfolio
Chicago, IL
Austin


HIGHLIGHTS

  • Rarely available 50 units in The Island
  • Sixteen (16) 2Bd/1Ba, Nineteen (19) 1Bd/1Ba, Eight (8) Studios, & Seven (7) Retail
  • Individual Furnaces
  • Individual Hot Water Tanks
  • Newer Porches

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase the sale of 5944 W. Roosevelt, a thirty-eight (38) unit mixed use property and 1054 S, Mason, a twelve (12) unit walkup located in Chicago’s West Side's most desirable pocket, "The Island". The properties sit just a few blocks from Chicago's Blue Line "El" train station at Austin as well as Columbus Park, which features ball fields, a theater, a pool & golf course. 5944 W. Roosevelt & 1054 S. Mason have a total unit composition of sixteen (16) 2Bd/1Ba, nineteen (19) 1Bd/1Ba, eight (8) studios, & seven (7) retail units. Furthermore, the building boasts newer windows, individual furnaces, individual hot water heaters & storage tanks, newer porches, and an abundance of masonry and tuckpointing work. 5944 W. Roosevelt & 1054 S. Mason provides an investor with a unique opportunity to acquire a stabilized and strong cash-flowing asset in Chicago’s desirable pocket of The Island. From day one, a new owner will capitalize on an incredibly strong tenant base and will realize an in-place cap rate of 9.61% and a cash return of 15.70%. Through improved leasing, management, and raising rents to levels already being achieved in the area, an investor has the opportunity to achieve a cap rate over 13%.

ASK ABOUT THIS PROPERTY

Carson McDanielKiser GroupMore Info
773-293-5000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Carson McDanielKiser GroupMore Info
773-293-5000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.