Kiser Group is pleased to exclusively offer for purchase the sale of 6308 S. Albany Ave, an eight (8) unit building in the Chicago Lawn neighborhood. The subject site sits on a corner lot close to many popular retail attractions in the Southwest side of Chicago, and is close to various bus stops providing transportation via Chicago’s Metra System.
6308 S. Albany Ave is comprised of two (2) retail spaces, two (2) 1Bd/1Ba, and four (4) 2Bd/1Ba units. Capital improvements include, but are not limited to, the addition of individual furnaces and three (3) units with in-apartment laundry. Additionally, the west retail space has been renovated and is rent-ready.
6308 S. Albany Ave presents an investor with the unique opportunity to acquire an asset with tremendous upside. A potential new
owner has the ability to capitalize by renovating units and stabilize rents at levels being achieved in the market. Through this, a new owner can achieve a cap rate of 11.78% and a cash return of over 24%.