East Rogers Park | 45-Units | Proforma 7.3% Cap

Investment Overview

Kiser Group is pleased to present for sale 1414 West Pratt, a 45-unit corridor-style apartment building located in Chicago’s East Rogers Park neighborhood. The property consists of one studio, 39 one-bedroom, and five two-bedroom units. The building has undergone extensive capital improvements, including a new roof, windows, boiler, electrical service, elevator modernization, common area updates, and renovations to 25 units, with additional unit upgrades underway as apartments turn over. The property was also recently approved for the Chicago AHSAP tax incentive program, which is expected to significantly reduce future property taxes. 1414 West Pratt presents a new owner with the opportunity to capitalize on the significant capital improvements already completed while continuing to renovate the remaining units. With the major building systems addressed and a substantial portion of the units upgraded, the property offers the potential to further enhance operations and value.

Investment Highlights

• Extensive Capital Improvements Completed
• Corridor-Style Building with Primarily One-Bedroom Units
• Approved for AHSAP Tax Program
• 0.2 Miles from Morse CTA Red Line
• 0.5 Miles from Loyola University