6 Units | Chatham | 10% Cap Rate

Investment Overview

Kiser Group is pleased to present for sale 7924 S. Rhodes Avenue, a six-unit multifamily investment opportunity located in Chicago's Chatham neighborhood. The property consists of six residential units comprised of three (3) 2Bd/1 Ba apartments and three (3) 1Bd/1 Ba apartments, providing a desirable unit mix that appeals to a broad tenant base. The building features well-maintained apartments with hardwood flooring throughout, offering residents classic Chicago charm and durability while minimizing long-term maintenance costs. The property's efficient unit layouts and attractive finishes support continued tenant demand and stable occupancy. The asset delivers exceptional in-place returns, boasting a current capitalization rate of 10.30% and an impressive cash-on-cash return of 18.43%. Through strategic rent optimization and operational efficiencies, investors have the opportunity to achieve a projected pro forma capitalization rate of 11.55% and a pro forma cash-on-cash return of 23.46%.

Investment Highlights

• Three (3) 2Bd/1Ba & Three (3) 1Bd/1Ba Units
• All Six (6) Units are Convertible
• Ability to Significantly Increase Rents
• Prime Chatham Location