947 E 84th St
- Three (3) 3Bd/1Ba, Three (3) 2Bd/1Ba Units, 1Bd/1Ba Unit
- 14% Cap rate w/ Current NOI of $87,510
- Modern Kitchens w/ Granite Countertops & Stainless Steel Appliances
- Prime Chatham Location
Property Description
Kiser Group is pleased to exclusively present for purchase 947 E. 84th Street, a seven (7) unit apartment building located on a quiet residential block of 84th Street in Chicago’s Chatham neighborhood. The property offers a desirable unit mix and an attractive opportunity to acquire a stabilized multifamily asset in an established South Side neighborhood. The property consists of three (3) 3Bd/1Ba units, three (3) 2Bd/1Ba units, and one (1) 1Bd/1Ba unit. All units feature hardwood flooring, while all kitchens and bathrooms have been updated with granite countertops and stainless steel appliances, providing modern finishes and broad rental appeal. 947 E. 84th Street generates $87,510 of current NOI, representing a 14.00% in-place cap rate, with a pro forma NOI of $102,314 and a 16.37% pro forma cap rate. The property provides investors with strong current cash flow and additional upside through continued rent growth.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $625,000 |
| No. of Units: | 7 |
| Year Built: | 1933 |
| Lot Size: | 0.14 Acres |
| Opportunity Zone: | No |
| Price per unit: | $89,286 |
| Property Website | Click Here |
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