455 E 107th St, Chicago, IL 60628 For Sale

Kiser Group is pleased to exclusively offer for purchase 445 E. 107th St, a twenty-four (24) unit California style courtyard located in Chicago's historic Roseland neighborhood. The building sits just two (2) block away from the premier Gwendolyn Brooks College Preparatory campus and three (3) block from Palmer Park, which features sporting facilities, a fitness center, and an outdoor swimming pool.

445 E. 107th St is solely comprised of twenty-four (24) spacious 1Bd/1Ba units. The apartments feature modern kitchens & baths and large living rooms with hardwood floors throughout. Recent improvements to the building include, but are not limited to, a modern LAARS boiler (2020), a new hot water heater & storage tank (2022), on-site laundry facility, and an updated, code compliant porch.

445 E. 107th St presents an investor with the opportunity to acquire a well maintained building in an appreciating pocket of Roseland.

Through improved management, leasing and raising rents to levels already being achieved in the building, an investor has the opportunity to achieve a cap rate over 11.2% and a cash return of 22%.

Location Description

24 Units | Roseland