Kiser Group is pleased to exclusively offer for purchase the
sale of 1749 W. 95th St, a seventeen (17) unit building in
Chicago’s historic Beverly neighborhood. The subject site is
situated on a corner lot near many popular retail
attractions, and sits directly across the street from the
95th/Beverly Hills Metra Station, providing quick and easy
access to downtown Chicago.
1749 W. 95th St is comprised of nine (9) retail spaces, two (2)
studios, four (4) 1Bd/1Ba units, one (1) 2Bd/1.5Ba, and one (1)
3Bd/1Ba units. 100% of retail and residential units are
occupied and have varying levels of finishings. In addition
to rental income from the units, the building gains
additional cash flow each month from a billboard atop the
building. The billboard contract needs to be renegotiated in
order to maximize value.
1749 W. 95th St presents an investor with the unique
opportunity to acquire an asset with tremendous upside. A
potential new owner has the ability to capitalize by
renovating some units and stabilizing rents at levels already
being achieved in the market. Through this, a new owner
can achieve a cap rate of 10.97% and a cash return of over
21%.