1056 N. Hamlin AveChicago, IL 60651

For Sale
$825,000

8 unit walk-up building in one of Chicago's most rapidly growing neighborhoods, Humboldt Park

Overview

Added:
Jan 17
Days on market:
56
Kiser Group is pleased to exclusively present for purchase 1056 N.
Hamlin, a beautiful eight (8) 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 one (1) block away
from the Division and Hamlin bus stop, and roughly five (5) blocks
from North Ave, which has an abundance of retail and public transit.

1056 N. Hamlin is comprised solely of eight (8) 2bd/1ba spacious
units, all containing in-unit furnaces and in-unit water heaters.
Recent capital improvements consist of, but are not limited to:
updated copper plumbing, newer windows, re-wired electric,
updated kitchens/baths, and hardwood flooring throughout the
units.

1056 N. Hamlin presents an investor with a unique opportunity to
acquire a strong, stabilized cash-flowing asset with an in-place cap
rate of 8.8% from day one. Additionally, through improved leasing
and management raising rents to levels already achieved in the
building, a new investor to realize a cap rate of 10.6% as well as cash
returns of 20%.

Highlights

  • Fully Occupied & Stabilized Asset Individual Furnaces Individual Water Heaters Updated Kitchens and Bathrooms Original Hardwood Flooring All 2bd/1ba Units

Property Details for 1056 N. Hamlin Ave

Property type
Multifamily properties, Residential income homes
Square Feet
7,600 SF
Price / Square Foot
$108.55
Year Built
1922
Buildings
1
Stories
2
Elevators
N/A
Lot Size (sq. ft)
7,600 SF
Units
8

Location Insight

City
Chicago
County
State
Illinois

FAQs

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1056 N. Hamlin Ave
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