6211 N. Kenmore

Property feature image
Address: 6211 N. Kenmore, Chicago, Illinois, US
Created date: February 19, 2024
Date last updated: February 19, 2024
  • 11 studio apartments, (17) 1 bedroom / 1 bathroom units and 19 parking spots
  • Located just 1 block from Loyola’s campus
  • Stabilized 9.06% cash-on-cash return
  • Low assumable debt at 4.14% interest

Property Description

Kiser Group has been exclusively engaged to market for sale 6211 N. Kenmore, a 28-unit 4+1 style building in Chicago's Edgewater community. The property is located just 1 block from the Loyola University Campus. The building is comprised of 11 studio apartments, (17) 1 bedroom / 1 bathroom units and includes 19 parking spaces. Ownership renovated common area spaces, modernized units and created open floor plans, including new kitchens, baths, flooring, doors, and windows in the units. Additionally, plumbing and electrical throughout the building was replaced, the parking lot was resurfaced, and laundry rooms were added on every floor by converting existing storage rooms. Current rents are on average 18% below market for nearby apartment buildings with similar finishes (see rent survey pages 21-25), allowing for new ownership to operate more aggressively. Stabilized cash on cash is 9.06% after assuming current debt at 4.14%.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Apartments
Price: $5,200,000
No. of Units: 28
Opportunity Zone: No
Price per unit: $185,714
Property Website Click Here
Address: 6211 N Kenmore Ave, Chicago, IL 60660, USA
Provided by:

Similar Properties in the Area

1848 S Fairfield Ave

Chicago , Illinois
Chicago & Midwest + Apartments
Units: 4
Price: $650,000

834 Jenifer Street

Madison , Wisconsin
Chicago & Midwest + Apartments
Units: 2
Price: $575,000

4742-4748 S. Drexel Blvd.

Chicago , Illinois
Chicago & Midwest + Apartments
Units: 43
Price: $4,850,000
New call-to-action
popup background image