13 Units | $65k/Unit | 9.29% Cap Rate

Investment Overview

Kiser Group is pleased to exclusively present for purchase 1901 W. Garfield, a beautiful thirteen (13) unit building. The building sits along the iconic tree lined Garfield Boulevard, offering immediate access to the Dan Ryan Expressway and the CTA Red Line Garfield Station. 1901 W. Garfield presents a desirable unit mix, comprised of (8) 1BD/1BA & (5) 2BD/1BA, all of which feature incredibly spacious layouts with living rooms and dining rooms, private balconies, and hardwood flooring throughout. Recent improvements to the building include but are not limited to: a new Weil McClain Boiler (2025), copper plumbing, and a newer 100G hot water tank. From day one a new investor will realize and in place cap rate of 9.29% and cash returns over 14%. Through improved leasing, optimized management, and raising rents to levels already achieved in the building, a new owner will realize a cap rate over 13% and cash returns over 30%.

Investment Highlights

• New Weil-McClain Boiler (2025)
• Incredibly Spacious Floor Plans with Separate Living & Dining Rooms
• Desirable Unit Mix: Eight (8) 1bd/1ba Units and Five (5) 2bd/1ba Units
• Potential to Convert 1 Bed Units to 2-Bed Units with Ease
• Prime Location on Garfield Boulevard