Listed by Kiser Group
$6,950,000
6610 S Kenwood Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 46,400
Units 35
Year Built 1926
Multifamily | 35 Units
Marketing description
Kiser group is pleased to exclusively present for purchase 6610 s. Kenwood, a rarely available thirty-five (35) unit, center entrance courtyard in Chicago's east Woodlawn neighborhood. The property sits directly south of hyde park and is just blocks away from the prestigious university of Chicago. Additionally, the asset is just blocks from the developing site of the Obama presidential library.
Sitting on a premier block, 6610 s. Kenwood is uniquely comprised of thirty-five (35) total units, all of which are incredibly spacious and feature an abundance of condo-quality upgrades. The unit mix is currently made up of fourteen (14) 3bd/2ba, one (1) 2bd/2.5ba, seventeen (17) 2bd/2ba, one (1) 2bd/1.5ba, and two (2) 1bd/1.5ba units. Units feature an open floorplan with hardwood flooring throughout, high-end kitchens with granite countertops and stainless steel appliances, and modern bathrooms with custom finishes. Additional improvements to the building include, but are not limited to: 100% copper plumbing, updated porches, individual hvac & hot water tanks, and in-unit washer/dryers.
6610 s. Kenwood presents an investor the opportunity to acquire a rarely available courtyard building in one of Chicago's fastest growing and rapidly expanding neighborhoods. Additionally, this opportunity presents immediate scale, and an investor will realize a positive, cash flowing asset from day one.
Investment highlights
- Complete gut rehab
- Assumable debt at 3.775% interest rate
- Rarely available courtyard
- Prime east Woodlawn location
Listing Contacts
Listed by Kiser Group
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