445-459 E 107th St - Apartments FOR SALE


Chicago, IL 60628- Roseland
$1,350,000 USD
773-293-5090
445-459 E 107th St, Chicago, IL for Sale
$1,350,000 USD
Apartments - FOR SALE
1/5
null | 9.04% Cap Rate

445-459 E 107th St
Chicago, IL 60628
Roseland


HIGHLIGHTS

  • 9.04% Cap Rate
  • Spacious 1Bd/1Ba Units
  • Updated Kitchens & Baths
  • Newer LAARS Boiler & Hot Water Heater

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 445 E. 107th St, a twenty-four (24) unit California style courtyard located in Chicago's historic Roseland neighborhood. The building sits just two (2) block away from the premier Gwendolyn Brooks College Preparatory campus and three (3) block from Palmer Park, which features sporting facilities, a fitness center, and an outdoor swimming pool. 445 E. 107th St is solely comprised of twenty-four (24) spacious 1Bd/1Ba units. The apartments feature modern kitchens & baths and large living rooms with hardwood floors throughout. Recent improvements to the building include, but are not limited to, a modern LAARS boiler (2020), a new hot water heater & storage tank (2022), on-site laundry facility, and an updated, code compliant porch. 445 E. 107th St presents an investor with the opportunity to acquire a well maintained building in an appreciating pocket of Roseland. Through improved management, leasing and raising rents to levels already being achieved in the building, an investor has the opportunity to achieve a cap rate over 11.2% and a cash return of 22%.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$70 USD /SF

# OF UNITS

24

PRICE/UNIT

$56,250

CAP RATE

9.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

24 Units | 9% Cap Rate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,898 SF

ZONING

R3, Chicago

APN/PARCEL ID

25-15-401-044-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.