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6201-03 S Champlain Ave

12 Unit Block of Flats £1,850,202 (£154,184/Unit) 9.09% Net Initial Yield Chicago, IL 60637

Investment Highlights

  • 9% In-Place Cap Rate
  • In-Unit Washer & Dryer
  • Four (4) Oversized Duplex-Down Units
  • Recently Renovated Units
  • Individual Furnaces & Hot Water Tanks
  • Quiet, Residential Block Amongst New Construction Buildings

Executive Summary

Kiser Group is pleased to exclusively offer for purchase 6201 S. Champlain, a rarely available twelve (12) unit building located just outside of Hyde Park in Chicago's West Woodlawn neighborhood. The property is situated on a quiet, residential block amongst new construction buildings, blocks away from the prestigious University of Chicago and the construction site of the future Obama Presidential Library.
6201 S. Champlain boasts a unique unit-mix, comprised of two (2) 2bd/1ba, four (4) 2Bd/2Ba, two (2) 3Bd/2Ba, one (1) 3Bd/2.5Ba, and three (3) 4Bd/2.5Ba units, with each of the four (4) first floor apartments being oversized, duplex down units. All units feature incredibly spacious layouts, with ten (10) units having been recently renovated to include updated hardwood flooring, kitchens, and baths. Each unit also includes individual furnaces, hot water tanks, and washer & dryers. Additional updates include but are not limited to: 100% copper plumbing, updated electrical service, a new silver coating on the roof (2021), and an abundance of cosmetic upgrades.
6201 S. Champlain presents an investor with the opportunity to acquire a rarely available and highly desirable building in one of Chicago's fastest growing neighborhoods. From day one, a new owner will benefit from an incredibly stable tenant base at an in-place cap rate of just over 9% and a cash-on-cash return of just under 14%.

Property Facts

Price £1,850,202
Price Per Unit £154,184
Sale Type Investment
Net Initial Yield 9.09%
No. Units 12
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.17 AC
Building Size 9,300 SF
Average Occupancy 92%
Number of Floors 3
Year Built 1912
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 6 - -
2+1 3 - -
3+1 3 - -
Walk Score ®
Very Walkable (75)
Transit Score ®
Excellent Transit (72)
Bike Score ®
Very Bikeable (70)
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
20-15-421-034-0000
Land Assessment
£7,261
Improvements Assessment
£60,041
Total Assessment
£67,302

zoning

Zoning Code R3, Chicago
R3, Chicago
  • Listing ID: 32213044

  • Date on Market: 21/06/2024

  • Last Updated:

  • Address: 6201-03 S Champlain Ave, Chicago, IL 60637

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