Kiser Group is pleased to exclusively present for purchase 8935 S. Dauphin, a beautiful eleven (11) unit building located in Chicago's historic Chatham neighborhood, just blocksfrom the 91st St. Metra stop. Just down the street from the Lorraine Dixon Park, 8935 S. Dauphin is comprised of solely 1b/1ba units. The units have been very well maintained, and a new roof was put on the building just this past Summer. 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 9.09% as well as an in-place cash-on-cash return of 17.03%. Additionally, solely by improved leasing and management, and stabilizing rents to market rate levels, an investor can realize a cap rate of 11.15% as well as a cash-on-cash return of 25.26%.
Key Points: 9.01% In-Place Cap Rate 11.07% Pro Forma Cap Rate 17.03% In-Place Cash Return 25.26% Pro Forma Cash Return New Roof
Asking Price: $380,000
Building Size: 8,250 SQ FT
Cost per Square Foot: $46.06