38 Units | The Island

Investment Overview

Kiser Group is pleased to exclusively offer for purchase the sale of 5944 W. Roosevelt, a thirty-eight (38) unit mixed use property in Chicago’s West Side's most desirable pocket, "The Island". The properties sit just a few blocks from Chicago's Blue Line "El" train station at Austin as well as Columbus Park, which features ball fields, a theater, a pool & golf course. 5944 W. Roosevelt has a unit composition of fourteen (14) 2Bd/1Ba, fifteen (15) 1Bd/1Ba, two (2) studios, & seven (7) retail units. Furthermore, the building boasts newer windows, individual furnaces, individual hot water heaters, newer porches, copper plumbing, updated electric, and an abundance of masonry and tuckpointing work. 5944 W. Roosevelt & 1054 S. Mason provides an investor with a unique opportunity to acquire a stabilized and strong cashflowing asset in Chicago’s desirable pocket of The Island. From day one, a new owner will capitalize on an incredibly strong tenant base and will realize an in-place cap rate of 9.25% and a cash return of 14.26%. Through improved leasing, management, and raising rents to levels already being achieved in the area, an investor has the opportunity to achieve a cap rate of almost 13%.

Investment Highlights

• Rarely Available 38 Unit Building in The Island
• Fourteen (14) 2Bd/1Ba, Fifteen (15) 1Bd/1Ba, Two (2) Studios, & Seven (7) Commercial Units
• Newer Individual Furnaces & Hot Water Tanks
• New Porches (2024), Copper Plumbing, & Updated Electric