Kiser Group is pleased to exclusively present for purchase 342 E. 71st, a 14-unit mixed-use building in the heart of Chicago's Greater Grand Crossing neighborhood. The building is located just steps from Meyering William Park and Augustus Tolton Academy. Additionally, the building sits just off the Chicago Skyway connecting to the Dan Ryan, providing tenants quick access to and from Chicago's downtown. 342 E. 71st St consists of two buildings adjacent to each other under the same pin. 342 E. 71st St. consists of four (4) 2Bd/1Ba units, and four (4) commercial retail units while 7051 S. Calumet consists of six (6) 2Bd/1Ba units. In total, the property consists of ten (10) 2Bd/1Ba and four (4) retail units. All of the units, however, have been completely renovated in 2018 and equipped with updated kitchens and baths and hardwood flooring. Furthermore, the building boasts all copper plumbing, a newer silver-coated roof, and individual furnaces & hot water tanks. 342 E. 71st provides an investor the opportunity to acquire a stabilized, cash-flowing asset in Chicago's Greater Grand Crossing neighborhood. From day one, a new investor will realize a cap rate of 9% and a cash-on-cash return of 13.25%. Through improved leasing and raising rents already achieved in the area, the new owner could realize a cap rate of 13% and a cash-on-cash return of 29.23%.