Kiser Group is pleased to present 5201 W. Schubert Ave, a well-maintained 12-unit apartment building in Chicago’s Belmont Cragin neighborhood. The property features (6) one-bedroom and (6) two-bedroom units, all with updated kitchens and baths.
Recent improvements include separate HVAC systems in each unit, five of which have A/C, newer vinyl windows, copper plumbing, enclosed porches, and 400 AMPS electrical service.
5201 W. Schubert Ave presents an investor with the opportunity to acquire a stable, cash-flowing asset with a strong 7.62% cap rate from day one. Investors can further enhance value through minor cosmetic updates to kitchens, baths, and common areas, along with the potential to add two basement units, which are already equipped with furnaces and electrical meters