7205 S Bennett Ave
- Twelve (12) 2Bd/1Ba & Fourteen (14) 1Bd/1Ba Units
- All 1Bd/1Ba Units Can be Converted to 2Bd/1Ba Units
- First Time on Market in 30+ Years
- Prime South Shore Location
Property Description
Kiser Group is pleased to exclusively present for purchase 7205 S. Bennett Ave., a 26-unit multifamily investment opportunity located in Chicago's South Shore neighborhood. Just one block from the Bryn Mawr Metra Electric Station, the property offers residents convenient access to Downtown Chicago while benefiting from South Shore's continued investment activity and strong rental demand. The property features a well-balanced unit mix of fourteen (14) one-bedroom and twelve (12) two-bedroom apartments. All one-bedroom units offer the potential to be converted into two-bedroom layouts, providing investors with a clear value-add opportunity to increase rental income and maximize long-term returns. Offered at $1,850,000 ($71,154 per unit), the asset delivers an attractive 9.00% in-place cap rate with significant upside. Through unit conversions and continued rental growth, investors have the opportunity to increase returns to a projected 14.36% pro forma cap rate, making this an exceptional acquisition with both strong in-place cash flow and substantial value-add potential.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,850,000 |
| No. of Units: | 26 |
| Year Built: | 1924 |
| Lot Size: | 0.32 Acres |
| Opportunity Zone: | No |
| Price per unit: | $71,154 |
| Property Website | Click Here |
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