7535 S Saginaw Ave

Kiser Group is pleased to exclusively present for purchase 7535 S. Saginaw Ave, a beautiful twenty (20) unit building located in Chicago's historic South Shore Neighborhood, just a few blocks from Lake Michigan and steps away from the Windsor Park Community Garden. Additionally, for quick and convenient transportation, the asset is nearby to Chicago’s Lake Shore Drive which provides tenants easy access to Chicago’s downtown in roughly fifteen minutes.
7535 S. Saginaw consists of twelve (12) 1b/1ba units and eight (8) 2b/1ba units. The apartments are currently fully occupied and have open floor plans. All of the units feature modern kitchen & baths with large living rooms and LVP flooring throughout. Additional improvements to the building consist of, but are not limited to, on site laundry facility, newer hot water tanks, and a code compliant porches.
7658 S. Marquette presents an investor with a unique opportunity to acquire a stabilized, cash-flowing asset. From day one, a new owner will realize an in-place cap rate of 7.5% as well as an in-place cash-on-cash return of 7.29%. Furthermore, by stabilizing rents to market rate levels already being achieved in the building, an investor could achieve a cap rate of over 10.5% and a cash-on-cash return of 20.02%.