Kiser Group is pleased to exclusively offer for purchase the sale of 2245 W. 111th St, a forty-two (42) unit building in Chicago’s Morgan Park Neighborhood. The subject property is situated steps away from many retail attractions off of Western Ave to the West and just a few blocks from Morgan Park High School to the East. Additionally, the building is two blocks west of the 111th St. – Morgan Park Station, providing quick and easy tenant transportation to Chicago’s downtown. 2245 W. 111th St is comprised of a very desirable unit mix, which goes as follows: twenty-three (23) 2Bd/1Ba, four (4) retail, and fifteen (15) additional 2/3 bed variations (see unit mix summary for breakdown). The interior units, common areas, and exteriors of the property have been meticulously maintained throughout the course of ownership, and the building is fully occupied. The units are incredibly spacious, with finishes being the same throughout, including wood flooring and ceramic tile bathrooms. Recent capital improvements include but are not limited to: newer boiler (2018) with full RND controller system (11 zones), hot water tank installations (2018/2022), and updating to roof and parapet walls in 2021. 2245 W. 111th St presents an investor with a unique opportunity to acquire a building with tremendous upside. With major capex items being handled, a potential buyer would simply need to boost the rent roll to achieve stabilized market returns (Current rents are ~20% below market rents). At these levels, a new owner would assume a cap rate over 8% and a cash return almost 11%.