2548 S Homan Ave
- Sixteen (16) 1Bd/1Ba & Twelve (12) Studio Units
- Thirty Four (34) Parking Spaces
- Modern Kitchen & Baths w/ Individual Furnaces
- Prime Little Village Location
Property Description
Kiser Group is pleased to exclusively present for purchase 2548 S. Homan, a 28-unit apartment building located in Chicago’s Little Village neighborhood. The property is situated near 26th Street, one of the neighborhood’s primary commercial corridors, offering convenient access to a variety of restaurants, retail, grocery stores, and local services. Residents also benefit from nearby public transportation and convenient access to I-290, providing connectivity throughout Chicago and the surrounding suburbs. The property is comprised of twelve (12) studio units and sixteen (16) 1Bd/1Ba units. Each unit is equipped with an individual furnace, while the property also offers on-site parking and on-site laundry facilities for residents. 2548 S. Homan currently generates a 6.09% in-place cap rate and a 2.18% cash return. Through continued rental growth and operational improvements, the property is projected to achieve a 7.29% proforma cap rate and a 7.01% proforma cash return, providing investors with meaningful upside and the potential to enhance overall returns.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,400,000 |
| No. of Units: | 28 |
| Year Built: | 1920 |
| Lot Size: | 0.38 Acres |
| Opportunity Zone: | No |
| Price per unit: | $121,429 |
| Property Website | Click Here |
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