1502 E. 74th St, Chicago, IL 60619 For Sale

Kiser Group is pleased to exclusively present for purchase 1502 E. 74th, a well-maintained twelve (12) unit building located in the desirable South Shore neighborhood of Chicago. The property benefits from its proximity to public transportation, The Obama Library, Lake Michigan, and a variety of local retail and neighborhood amenities.

1502 E. 74th features a unique unit mix consisting of eleven (11) 1Bd/1Ba units and one (1) studio unit, appealing to a wide rane of tenants. The units have hardwood floors throughout, offering a classic and durable finish that continues to attract renters. The property also includes an on-site laundry facility, providing added convenience for residents.

The building presents investors with a strong in-place cap rate of 13.42%, delivering exceptional day-one returns. Investors can also benefit from an impressive 31.53% cash-on-cash return, further enhancing the property's appeal as a high-performing asset. With its solid fundamentals, desirable unit composition, and added amenities, 1502 E. 74th offers a compelling opportunity for investors seeking a high-yield asset in a well-established and growing submarket.