Kiser Group is pleased to exclusively offer for purchase the sale of 9001 S. Ashland Ave, a twenty-five (25) unit building in Chicago’s Brainerd Neighborhood. The subject property is conveniently situated directly east of the Dan Ryan Woods, providing tenants with easy access to walk to and enjoy the city park. Additionally, the property sits three blocks east of the 91st St – Beverly Hills Train Station, providing quick and easy access to Chicago’s downtown.
9001 S. Ashland Ave has a unit mix consisting of four (4) studios, fourteen (14) 1Bd/1Ba, one (1) 2Bd/2Ba & six (6) retail units. The interior units offer favorable layouts and hardwood flooring throughout. The retail spaces vary in size, with majority having tenants for periods over two (2) years. Recent capex updates include but are not limited to: March 2024 boiler installation (with R&D control system), newer windows, newer porch (2023) & updated 800 AMP electrical service.
9001 S. Ashland Ave presents an investor with the unique opportunity to acquire an asset which has tremendous upside. By renovating units and raising rents to levels being achieved in the market, a potential owner would be able to assume a cap rate over 13% and cash return almost 30%.