441 E 107th St
- One (1) 1Bd/1Ba Unit & Five (5) 2Bd/1Ba Units
- Spacious Units w/ Granite Countertops & New Cabinets
- On-Site Parking Lot
- Prime Roseland Location
Property Description
Kiser Group is pleased to exclusively present for purchase 441 W. 107th Street, a well-maintained six-unit multifamily building located in Chicago's Roseland neighborhood. This investment offers strong in-place cash flow with additional upside, making it an excellent opportunity for investors seeking both immediate income and future value creation. The property consists of one (1) 1Bd/1Ba unit and five (5) 2Bd/1Ba units, offering a highly desirable unit mix for a broad tenant base. Each apartment features hardwood floors throughout, while tenants also enjoy the convenience of on-site parking and other amenities that enhance long-term tenant retention and occupancy. The property delivers an attractive 10.04% capitalization rate and 17.42% cash-on-cash return in its current operation. Through continued rental growth and operational improvements, investors have the opportunity to achieve a 13.04% pro forma capitalization rate and an exceptional 29.41% pro forma cash-on-cash return, making 441 W. 107th Street a compelling value-add investment opportunity.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $580,000 |
| No. of Units: | 6 |
| Year Built: | 1970 |
| Lot Size: | 0.07 Acres |
| Opportunity Zone: | No |
| Price per unit: | $96,667 |
| Property Website | Click Here |
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