Kiser Group is pleased to exclusively offer for purchase 10842 S. Eberhart Ave, a six (6) unit center-entrance walk-up located in Chicago's historic Roseland neighborhood. The building sits on the corner of a quiet, tree-lined street one (1) block away from the premier Gwendolyn Brooks College Preparatory campus and one (1) block east of Palmer Park, which features sporting facilities, a fitness center, and an outdoor swimming pool.
10842 S. Eberhart Ave is comprised of three (3) spacious 2bd/1ba and three (3) 1bd/1ba units. Each apartment features renovated kitchens & baths and separate living and dining rooms with hardwood floors throughout. Recent improvements to the building include, but are not limited to, a brand new porch, an updated boiler, and a recently repaired four (4) car garage that is not yet being utilized for additional income.
10842 S. Eberhart Ave presents an investor with the opportunity to acquire a positive cash-flowing asset in one of Chicago's premier South Chicago neighborhoods with an in-place cap rate of 10%. In addition, given the spacious layouts of each unit, there is an opportunity to convert each unit and add additional bedrooms throughout the building, further increasing potential returns.