6308 South Albany AvenueChicago, IL 60629

For Sale
$465,000

8 unit building in the Chicago Lawn neighborhood

Overview

Added:
Jan 17
Days on market:
58
Kiser Group is pleased to exclusively offer for purchase the sale of 6308 S. Albany Ave, an eight (8) unit building in the Chicago Lawn neighborhood. The subject site sits on a corner lot close to many popular retail attractions in the Southwest side of Chicago, and is close to various bus stops providing transportation via Chicago’s Metra System.

6308 S. Albany Ave is comprised of two (2) retail spaces, one (1) 1Bd/1Ba, and five (5) 2Bd/1Ba units. Capital improvements include, but are not limited to, the addition of individual furnaces and three (3) units with in-apartment laundry. Additionally, the west retail space has been renovated and is rent-ready.

6308 S. Albany Ave presents an investor with the unique opportunity to acquire an asset with tremendous upside. A potential new
owner has the ability to capitalize by renovating units and stabilize rents at levels being achieved in the market. Through this, a new owner can achieve a cap rate of 11.78% and a cash return of over 24%.

Highlights

  • Two (2) Retail, Five (5) 2Bd/1Ba & One (1) 1Bd/1Ba Units Individually Furnaced Spacious Unit Layouts Significant Rental Upside Renovated, Rent-Ready West Retail Space

Property Details for 6308 South Albany Avenue

Property type
Multifamily properties, Residential income homes
Square Feet
6,600 SF
Price / Square Foot
$70.45
Elevators
N/A
Lot Size (sq. ft)
6,600 SF

Location Insight

City
Chicago
County
State
Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6308 South Albany Avenue
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message