4034 S. Prairie Avenue, Chicago, IL 60653 For Sale

Kiser Group is pleased to exclusively offer for purchase the sale of 4034 S. Prairie Ave, a pristine six (8) unit walk-up tucked away in the Bronzeville neighborhood of Chicago’s South Side. The subject site sits directly in the core of one of Chicago’s most rapidly expanding neighborhoods and is roughly a 15-minute drive to Chicago's downtown.

4034 S. Prairie has a desirable unit mix consisting of eight (8) 3Bd/1Ba units. All of the units have spacious layouts and have been extensively renovated with high-end finishes. Recent capital improvements include, but are not limited to: individual furnaces, in-unit hot water tanks, copper plumbing, new electric system, and renovated kitchen and baths w/ granite countertops & stainless steel appliances.

4034 S. Prairie presents an investor with a unique opportunity to acquire a strong, positive cash-flowing building with an in-place cap rate of 7.03%. Given the quality of the units coupled with the prime location, an investor could increase the cap rate to over 7.7%.