Kiser Group is pleased to exclusively present for purchase the Washington Plaza, a 172-Unit midrise in Chicago's historic Austin neighborhood. The building sits on a tree lined street, just a mere blocks from the Central CTA Green Line station, and Interstate 290. Washington Plaza is comprised almost entirely one bedroom and studio apartments. The building has undergone substantial renovation under current ownership including but not limited to: new 2400 AMP electric service, copper plumbing, new boiler with R&D control system, in unit circuit breakers, and cosmetic upgrades to turned units. The building is also equipped with an on-site laundry facility, gym, and recreational common area. Washington Plaza is an incredibly rare opportunity to acquire a 172 units under one roof, offering immediate scale for investors. Through optimized leasing and raising rents to levels already being achieve throughout the building, a new investor can realize a cap rate exceeding 10% and cash returns approaching 20%.