Kiser Group is pleased to exclusively offer for purchase 1040 W. 87th St, a well maintained thirty-two (32) unit courtyard located in the Auburn Gresham community of Chicago’s south west side. Situated on 87th Street, the property sits just three (3) blocks from the Gresham Metra Station, and is conveniently located near CTA public transportation. 1040 W. 87th St is comprised of twenty-six (26) 1Bd/1Ba units and six (6) studios, all of which feature spacious layouts and an abundance of natural light. Recent improvements to the building include, but are not limited to, a modern Peerless Boiler with R&D control system, newer hot water boiler & tank, code compliant porch, and a newer roof. 1040 W. 87th St provides an investor with the opportunity to acquire a stabilized, cash flowing asset in Chicago's desirable Auburn Gresham neighborhood. From day one, a new owner capitalize on an incredibly strong tenant base and realize an in place cap rate of 8% along with a cash return of 9.42%. Solely by raising rents to levels already being achieved in the building, there's an opportunity to further improve returns.