13 Units | West Englewood | 11% Cap Rate

Investment Overview

Kiser Group is pleased to exclusively present for purchase 6348 S. Ada Street, a multifamily investment opportunity in Chicago’s West Englewood neighborhood. The property is located across from Ogden Park and near the CTA Ashland/63rd Green Line station, providing convenient access to recreation and public transportation. The property features a unit mix of eight (8) 1Bd/1Ba apartments and four (4) 2Bd/1Ba apartments, and one (1) detached coach unit. The building is equipped with wood floors throughout, and a modern boiler, providing an updated component to the property’s heating infrastructure. 6348 S. Ada Street presents an attractive investment opportunity, generating an 11.00% in-place capitalization rate, a 1.93 debt coverage ratio (DCR), and a 21.27% cash-on-cash return. With projected improvements in performance, the property offers a pro forma capitalization rate of 12.68% and a pro forma cash-on-cash return of 27.97%, providing investors with the potential for strong cash flow and enhanced returns.

Investment Highlights

• Eight (8) 1Bd/1Ba, Four (4) 2Bd/1Ba, & One (1) 3Bd/1Ba Units
• Modern Boiler w/ R&D Control System
• Twelve (12) Unit Walk Up w/ Coach House & Garage
• Updated Units w/ Modern Kitchens & Baths