Kiser Group is pleased to offer for purchase the sale of 3100 W. Lexington, a seven (7) unit walk-up located in Chicago’s historic Tri-Taylor neighborhood. The property is located two (2) blocks from the I-290 Express and roughly (3) blocks from Chicago's Blue Line "El" train station at Kedzie-Homan, which both provide tenants a quick and easy commute to Chicago's downtown (roughly 10 minutes.)

3100 W. Lexington has a unique unit mix comprised of two (2) 2bd/1ba units, two (2) 3bd/1ba units, one (1) 3bd/2ba unit, and one (1) 4bd/1ba unit. All of the units have been gut-renovated and equipped with updated kitchens and baths. Recent capital improvements to the building consist of, but not limited to: a new 400 amp electric service with in unit breaker boxes, in-unit and separate furnaces with A/C and hot water tanks, new windows, 100% copper plumbing, and new roof and porch (2016). Currently, 6/7 units are occupied and the tenants are all subsidized through Chicago Housing. The 7th unit is still under rehab, and is about 60% completed.

3100 W. Lexington provides an investor with a unique opportunity to acquire a stabilized and strong cash flowing asset in Chicago’s desirable pocket of Tri-Taylor. From day one, a new owner will capitalize on an incredibly strong, subsidized tenant base, and will realize an in place cap rate of 9.36% and a cash-on-cash return of over 20%.