Kiser Group is pleased to exclusively offer for purchase 3259 W. 62nd Place, a
Twelve (12) unit building in one of Chicago’s most desirable Southwest
neighborhoods, Chicago Lawn. This property is situated just a block west of
Kedzie & 63rd, providing easy access to popular retail attractions for tenants.
Encompassed by an abundance of single-family homes, Chicago Lawn offers
residents a suburban feel while still being in an urban environment.
3259 W. 62nd Place is conveniently comprised of Twelve (12) 2Bd/1Ba units. The
units are incredibly appealing to potential tenants, creating comfort through
spacious floor plans with both living and dining areas. In addition, the property
has been updated with a new furnace and copper plumbing throughout,
creating an attractive investment opportunity for the long-term life of the
property.
3259 W. 62nd Place presents an investor a rare opportunity to acquire a
property with upmost potential and very desirable unit mix. From day one, an
investor will realize a cap rate of 9.26% and a cash return of over 14.%. Through
improved leasing and raising rents to levels already being achieved, the building
offers an investor the potential to reach a cap rate over 15% and nearly 39%
cash return.