153 E 110th St
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153 E 110th St
5 Unit Block of Flats £386,208 (£77,242/Unit) 9.68% Net Initial Yield Chicago, IL 60628
Investment Highlights
- 9.68% Cap Rate
- Adjacent to Gwendolyn Brooks College Prep
- Four (4) 1Bd/1Ba & One (1) 2Bd/1Ba
- Individual & Separate Utilities
Executive Summary
Kiser Group is pleased to exclusively offer for purchase 153 E. 110th St, a five (5) unit walk-up located in Chicago's historic Pullman neighborhood. The building sits on the corner of a quiet, tree-lined street across from the premier Gwendolyn Brooks College Preparatory campus and one (1) block north of Palmer Park, which features sporting facilities, a fitness center, and an outdoor swimming pool.
153 E 110th St is comprised of four (4) 1bd/1ba units and one (1) 2bd/1ba garden apartment. Each unit features luxury vinyl plank flooring and a spacious floorplan with an oversized living room and electric baseboard heating. Recent improvements to the building include, but are not limited to, copper plumbing, updated electric, and an abundance of masonry and tuckpointing work. The building also features five (5) possible income-producing parking spaces.
153 E. 110th St presents an investor with a unique opportunity to acquire an incredibly strong, positive cash-flowing asset with an in-place cap rate of 9.68%. Solely through bringing all units up to market rate, a new owner could achieve a cap rate over 10.5% and a cash return of 19.79%.
153 E 110th St is comprised of four (4) 1bd/1ba units and one (1) 2bd/1ba garden apartment. Each unit features luxury vinyl plank flooring and a spacious floorplan with an oversized living room and electric baseboard heating. Recent improvements to the building include, but are not limited to, copper plumbing, updated electric, and an abundance of masonry and tuckpointing work. The building also features five (5) possible income-producing parking spaces.
153 E. 110th St presents an investor with a unique opportunity to acquire an incredibly strong, positive cash-flowing asset with an in-place cap rate of 9.68%. Solely through bringing all units up to market rate, a new owner could achieve a cap rate over 10.5% and a cash return of 19.79%.
Property Facts
| Price | £386,208 | Building Class | C |
| Price Per Unit | £77,242 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| Net Initial Yield | 9.68% | Number of Floors | 3 |
| No. Units | 5 | Year Built | 1960 |
| Property Type | Residential | Parking Ratio | 2/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | £386,208 |
| Price Per Unit | £77,242 |
| Sale Type | Investment |
| Net Initial Yield | 9.68% |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 3,000 SF |
| Number of Floors | 3 |
| Year Built | 1960 |
| Parking Ratio | 2/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
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Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 25-15-323-004-0000 | Improvements Assessment | £0 |
| Land Assessment | £1,775 | Total Assessment | £1,775 |
PROPERTY TAXES
Parcel Number
25-15-323-004-0000
Land Assessment
£1,775
Improvements Assessment
£0
Total Assessment
£1,775
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