Kiser Group is pleased to exclusively offer for purchase 10409 S. King, a six (6) unit building located in Chicago's historic Pullman neighborhood. The building sits just a few blocks from the Metra station which provide tenants with easy access to all public transportation throughout Chicago and a quick commute to Chicago’s Downtown.
10409 S. King is comprised of five (5) spacious 1Bd/1Ba and one (1) 2Bd/1Ba units. The apartments feature modern kitchens & baths and large living rooms with hardwood floors throughout. Recent improvements to the building include, but are not limited to: copper plumbing, newer hot water tanks, a modern Peerless boiler, and separate garage spaces.
10409 S. King presents an investor an incredible opportunity to acquire a stabilized, cash-flowing asset in Chicago’s Pullman neighborhood. With the current operation from day one, an investor will realize a 9% cap rate and a 13.25% cash return. By increasing rent already achieved in the area, an investor can achieve a cap rate of 11.79% and a 24.39% cash return.