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1534 E 65th Pl

6 Unit Block of Flats £393,660 (£65,610/Unit) 14.49% Net Initial Yield Chicago, IL 60637

Investment Highlights

  • Six (6) 2Bd/1Ba Units
  • Four (4) Blocks from Obama Presidential Library
  • Value-Add Opportunity
  • Separate Living & Dining Areas
  • Individual Furnaces

Executive Summary

Kiser Group is pleased to exclusively present for purchase 1534 E 65th Pl, a six (6) unit walk-up building located in Chicago's historic East Woodlawn neighborhood. The property is located just blocks from the prestigious University of Chicago, and is situated right next to the developing Obama Presidential Library. 1534 E. 65th Pl is also conveniently located, providing easy access to Chicago's public transportation system, being less than a block away from the 63rd St. Metra stop.
1534 E. 65th Pl is comprised of six (6) 2Bd/1Ba. This property needs serious renovations providing a new owner with the opportunity to add tremendous value through renovations in the apartments. The property also includes a spacious three (3) car parking lot on the back of the property.
1534 E. 65th presents an investor with the rare opportunity of acquiring a true value add project in one of Chicago's most desirable neighborhoods. Through renovations and bringing 'down' units back up to speed, a new investor could achieve significant cash returns and double-digit cap rates.

Property Facts

Price £393,660
Price Per Unit £65,610
Sale Type Investment
Net Initial Yield 14.49%
No. Units 6
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.12 AC
Building Size 6,822 SF
Number of Floors 3
Year Built 1910
Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20-23-219-023-0000
Land Assessment
£4,921
Improvements Assessment
£37,595
Total Assessment
£42,515

zoning

Zoning Code RM-5 (Medium to high-density apartment buildings.)
RM-5 (Medium to high-density apartment buildings.)
  • Listing ID: 33196970

  • Date on Market: 16/09/2024

  • Last Updated:

  • Address: 1534 E 65th Pl, Chicago, IL 60637

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