6348 S. Ada St
- Eight (8) 1Bd/1Ba, Four (4) 2Bd/1Ba, & One (1) 3Bd/1Ba Units
- Modern Boiler w/ R&D Control System
- Twelve (12) Unit Walk Up w/ Coach House & Garage
- Updated Units w/ Modern Kitchens & Baths
Property Description
Kiser Group is pleased to exclusively present for purchase 6348 S. Ada Street, a multifamily investment opportunity in Chicago’s West Englewood neighborhood. The property is located across from Ogden Park and near the CTA Ashland/63rd Green Line station, providing convenient access to recreation and public transportation. The property features a unit mix of eight (8) 1Bd/1Ba apartments and four (4) 2Bd/1Ba apartments, and one (1) detached coach unit. The building is equipped with wood floors throughout, and a modern boiler, providing an updated component to the property’s heating infrastructure. 6348 S. Ada Street presents an attractive investment opportunity, generating an 11.00% in-place capitalization rate, a 1.93 debt coverage ratio (DCR), and a 21.27% cash-on-cash return. With projected improvements in performance, the property offers a pro forma capitalization rate of 12.68% and a pro forma cash-on-cash return of 27.97%, providing investors with the potential for strong cash flow and enhanced returns.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,250,000 |
| No. of Units: | 13 |
| Year Built: | 1911 |
| Lot Size: | 0.17 Acres |
| Opportunity Zone: | No |
| Price per unit: | $96,154 |
| Property Website | Click Here |
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