4139 S Prairie Ave

Kiser Group is pleased to exclusively offer for purchase 4139 S. Prairie, a rarely available eight (8) unit walkup building located in Chicago's historic Bronzeville neighborhood. The subject site sits roughly two (2) blocks away from Chicago's Green Line, "EL", train station at 43rd St and I90, providing easy access to the city's downtown.
4139 S. Prairie is comprised of seven (7) 3bd/1ba and one (1) 2bd/1ba units. Of the eight units, two (2) of them are recently renovated garden units. All units feature a mix of hardwood, carpet, and LVP flooring, updated kitchen and bathrooms, and incredibly spacious living/dining rooms. Additional improvements to the building consist of updated electric, copper plumbing, a new porch (2023), as well as individual furnaces and hot water tanks.
4139 S. Prairie presents an investor a unique opportunity of a acquiring a stabilized and strong cash-flowing asset in Chicago's desirable pocket of Bronzeville. From day one, a new owner will capitalize on an incredibly strong and rapidly growing tenant base and will realize an in-place cap rate of 7.03%. However, with ongoing development of the area, there is an opportunity to further add value by bringing rents to increasing market rate levels.