153 E. 110th StChicago, IL 60628

For Sale
$475,000

5 unit walk-up in Chicago's historic Pullman neighborhood

Overview

Added:
Jan 17
Days on market:
56
Kiser Group is pleased to exclusively offer for purchase 153 E. 110th St, a five (5) unit walk-up located in Chicago's historic Pullman neighborhood. The building sits on the corner of a quiet, tree-lined street across from the premier Gwendolyn Brooks College Preparatory campus and one (1) block north of Palmer Park, which features sporting facilities, a fitness center, and an outdoor swimming pool.

153 E 110th St is comprised of four (4) 1bd/1ba units and one (1) 2bd/1ba garden apartment. Each unit features luxury vinyl plank flooring and a spacious floorplan with an oversized living room and electric baseboard heating. Recent improvements to the building include, but are not limited to, copper plumbing, updated electric, and an abundance of masonry and tuckpointing work. The building also features five (5) possible income-producing parking spaces.

153 E. 110th St presents an investor with a unique opportunity to acquire an incredibly strong, positive cash-flowing asset with an in-place cap rate of 9.68%. Solely through bringing all units up to market rate, a new owner could achieve a cap rate over 10.5% and a cash return of 19.79%.

Highlights

  • 9.68% Cap Rate Four (4) 1Bd/1Ba & One (1) 2Bd/1Ba Adjacent to Gwendolyn Brooks College Prep Individual & Separate Utilities

Property Details for 153 E. 110th St

Property type
Multifamily properties, Residential income homes
Square Feet
4,006 SF
Price / Square Foot
$118.57
Class
C
Year Built
1959
Buildings
1
Stories
3
Elevators
N/A
Lot Size (sq. ft)
4,006 SF

Location Insight

City
Chicago
County
State
Illinois

FAQs

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153 E. 110th St
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