Kiser Group is pleased to exclusively present for purchase 2535 W. Marquette, a beautiful twelve (12) unit building located in Chicago's Chicago Lawn neighborhood. Just blocks from Marquette Park and one block from St. Casimir Convent, 2535 W. Marquette is comprised solely of large 1b/1ba units. Recent renovations to the building include, but are not limited to, individual furnace/HVAC units, new windows, new lintels, and a new roof. This investment presents the investor with a unique opportunity to acquire a stabilized and strong cash flowing asset. From day one, a new owner will realize an in-place cap rate of 10.03%, as well as an in-place cash-on-cash return of 20.80%. Through improved leasing and management, simply increasing rents to market rates, a new owner can realize a cap rate of 12.11% and a cash-on-cash return of 29.12%.
Key Points: Marquette Park 10.03% In Place Cap Rate 20.80% In Place Cash-On-Cash Return Individual Furnaces New Windows New Lintels New Roof
Asking Price: $455,000
Building Size: 9,600 SQ FT
Cost per Square Foot: $47.40