7200 S Michigan Ave, Chicago, IL 60619 For Sale

Kiser Group is pleased to exclusively offer for purchase 7200 S. Michigan Ave, a twenty-four (24) unit apartment building located in the Grand Crossing neighborhood of Chicago’s South Side. Sitting just north of Chatham,7200 S. Michigan is located on a quiet block roughly 3 blocks away from Chicago’s Red Line “El” train station at 69th and the Dan Ryan Expressway.

7200 S. Michigan is comprised of eighteen (18) 1Bd/1Ba units and six (6) 2Bd/1Ba units. Each unit boasts an open and spacious layout consisting of hardwood floors throughout. Recent improvements to the building consist of, but not limited to: new Weil McLain boiler, a 400 amp electric service, and modern kitchens and baths.

7200 S. Michigan presents an investor an incredible opportunity to acquire a stabilized, cash flowing asset in Chicago’s Grand Crossing neighborhood. With the current operation from day one, an investor will realize a 10.66% cap rate and a 19.87% cash return.