Kiser Group is pleased to exclusively offer for purchase the sale of 1901 West Pryor Avenue, a thirty-four (34) unit building in Chicago’s Morgan Park Neighborhood. The subject property is situated directly across the street from Prospect Gardens Park and just a few blocks from Morgan Park High School to the East. Additionally, the building is two blocks northeast of the 111th St. – Morgan Park Station, providing quick and easy tenant transportation to Chicago’s downtown.
1901 West Pryor Avenue is comprised of thirty-four (34) 1Bd/1Ba units, of which twenty-eight (28) sit vacant. Some interior units have been updated, providing new cabinets and hardwood flooring throughout. Additionally, the building is all electric, with 1200 AMP service and baseboard heat. Recent capital improvements include but are not limited to: individual hot water heaters, in-unit breakers, and touchless laundry systems.
1901 West Pryor Avenue presents an investor with a unique opportunity to acquire a building with tremendous upside in a CHA Mobility Zone. A buyer has the opportunity to occupy vacant apartments at strong market or subsidized rates being achieved locally.