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FOR MORE INFORMATION, PLEASE CONTACT:
Kiser Group | P: 773.293.5000 | [email protected]
1628 W. Montrose Ave.Chicago, IL 60613
Tel: (773) 293-5000Fax: (773) 293-5001
www.kisergroup.com
PROPERTY OVERVIEW
Kiser Group is pleased to exclusively present for purchase 8103 S. Luella, a beautiful six (6) unit walk-up buildinglocated in Chicago's South Shore Neighborhood, just one block away from South Shore Hospital.
8103 S. Luella is comprised of three spacious (3) 2b/1ba units and three (3) 3b/1ba units, with hardwood flooring andnew drywall throughout. The building was recently rehabbed, and recent improvements to the building consist of, butnot limited to, a new boiler, 100% copper plumbing, a newer porch, and updated electrics.
This investment presents the investor with a unique opportunity to acquire a stabilized and strong cash flowing asset.From day one, a new owner will realize an in-place cap rate of 13.45% as well as an in-place cash-on-cash return ofover 35%. Additionally, a new investor could even increase returns by installing laundry in the basement andmonetizing the 5 garage spaces
PROPERTY HIGHLIGHTS
• Six (6) Units: Three (3) 3b/1ba and Three (3) 2b/1ba
• Copper Plumbing Throughout
• Updated Electrics
• Newer Porch and Roof
• 12.56% Cap Rate at List Price
• 31.98% Cash-on-Cash Return at List Price
$375,000
6
12.56%
$47,082
7,500 SF
1920
South Shore
PROPERTY SUMMARY
Sale Price:
Number Of Units:
Cap Rate:
NOI:
Building Size:
Year Built:
Market:
6 Units :: South Shore8103 S. Luella, Chicago, IL 60617
FOR MORE INFORMATION, PLEASE CONTACT:
Kiser Group | P: 773.293.5000 | [email protected]
1628 W. Montrose Ave.Chicago, IL 60613
Tel: (773) 293-5000Fax: (773) 293-5001
www.kisergroup.com
6 Units :: South Shore8103 S. Luella, Chicago, IL 60617
FOR MORE INFORMATION, PLEASE CONTACT:
Kiser Group | P: 773.293.5000 | [email protected]
1628 W. Montrose Ave.Chicago, IL 60613
Tel: (773) 293-5000Fax: (773) 293-5001
www.kisergroup.com
6 Units :: South Shore8103 S. Luella, Chicago, IL 60617
FOR MORE INFORMATION, PLEASE CONTACT:
Kiser Group | P: 773.293.5000 | [email protected]
1628 W. Montrose Ave.Chicago, IL 60613
Tel: (773) 293-5000Fax: (773) 293-5001
www.kisergroup.com
* Demographic data derived from 2010 US Census
1 Mile 2 Miles 3 Miles
Total Population 41,159 128,567 209,070
Population Density 13,101 10,231 7,394
Median Age 39.2 37.6 37.0
Median Age (Male) 34.9 33.3 33.3
Median Age (Female) 41.8 40.9 39.8
Total Households 16,218 51,778 84,389
# of Persons Per HH 2.5 2.5 2.5
Average HH Income $48,445 $46,933 $45,024
Average House Value $190,345 $197,219 $196,235
6 Units :: South Shore8103 S. Luella, Chicago, IL 60617