Kiser Group is pleased to exclusively offer for purchase the sale of 4550 S King, a pristine six (6) unit walk up tucked away in the Bronzeville neighborhood of Chicago’s South Side. The subject site sits directly in the core of one of Chicago’s most rapidly expanding neighborhoods and is roughly two (2) blocks away from Chicago’s Green Line, “El”, train station at 47th.
4550 S. King has a desirable unit mix consisting of six (6) 3Bd/2Ba units. All of which have spacious layouts and have tastefully updated kitchens and baths. Recent capital improvements include, but are not limited to: modern Weil McLain boiler with R&D control system, updated copper plumbing, complete roof tear off (2018), and an on site laundry facility.
4550 S. King presents an investor with the unique opportunity to acquire an asset with tremendous upside. Given the size of the units and current market rents, there is a substantial ability to push rents significantly higher. Simply by stabilizing rents at levels already being achieved in the building, a new owner has the potential to see materially higher returns.