7151 S. King Dr, Chicago, IL 60619 For Sale

Kiser Group is pleased to exclusively offer for purchase 7151 S. King, an eleven (11) unit apartment building located in the Grand Crossing neighborhood of Chicago's South Side. King is located across the street from Meyering (William) Park and just a few blocks away from Chicago's Red Line "El" train station at 69th and the Dan Ryan Expressway.

7151 S. King is comprised of ten (10) 2Bd/1Ba units and one (1) 3Bd/1Ba unit. Each unit features hardwood floors and spacious layouts, providing comfortable living spaces for tenants. The building is individually furnaced, and also offers the convenience of in-building laundry services. Recent capital improvements include new hot water tanks.

7151 S. King presents investors with an excellent opportunity to acquire a stabilized, cash-flowing asset in Chicago's Grand Crossing neighborhood. Based on current operations, an investor can expect to achieve approximately a 10% cap rate and a 17.87% cash-on-cash return from day one.

11 Units | Grand Crossing