7 Units | 9.08% Cap Rate | Humboldt Park

Investment Overview

Kiser Group is pleased to exclusively present for purchase 4411 W. Walton, a beautiful seven (7) unit walk-up building located in one of Chicago's most rapidly growing neighborhoods, Humboldt Park. The property sits on a quiet, tree-lined street just two (2) blocks away from the brand new $170 million Public Safety Training Center along Chicago Ave, which also has an abundance of retail and public transit. 4411 W. Walton is comprised of six (6) 2bd/1ba spacious units and one (1) 1bd/1ba unit, all containing in-unit furnaces. The property has been cosmetically and mechanically renovated in the past three years. Recent capital improvements consist of, but are not limited to updated copper plumbing, newer windows, newer Bitumen membrane roof, updated kitchens and baths, and rewired electric with breaker boxes in-unit. 4411 W. Walton presents an investor with a unique opportunity to acquire a cash-flowing asset with an in-place cap rate over 9.08% from day one. Additionally, through improved leasing, management, and raising rents to market rate levels, a new investor can realize a cap rate of 10.9% and cash returns of 20.86%.

Investment Highlights

• Desirable Unit Mix: six (6) 2bd/1ba units and one (1) 1bd/1ba unit
• Newly Remodeled Units
• Individual & In-Unit Furnaces
• Bitumen Membrane Roof
• Updated Copper Plumbing
• Two (2) blocks from the New $170 million Public Safety Training Center