Kiser Group is pleased to exclusively offer for purchase the sale of 7136 S. East End, a six (6) unit center entrance walk up located in Chicago’s premier South Shore neighborhood. The building sits on an incredibly quiet, tree lined street and is located just one block outside of the neighborhood’s Jackson Park. With an abundance of recent development, including breaking construction of the Obama Presidential Library, the neighborhood is poised for future growth.

7136 S. East End has an incredibly desirable unit mix consisting solely of 2Bd/1Ba apartment units, and all being incredibly spacious with roughly 1,300 square feet of living space. Furthermore, each unit contains separate living and dining rooms along with an additional front sun room. Additionally, the units feature original hardwood flooring adding to the buildings current appeal. Recent capital improvements to the building consist of, but not limited to, an updated and code compliant porch (2018), excessive masonry and tuckpointing, newer lintels, along with a silver coated roof.

7136 S. East End presents a new or seasoned investor the opportunity to acquire a renovated building in one of Chicago’s most desirable and appreciating South Side neighborhoods. From day one, a new owner will realize in an place cap rate of 9%. However, there’s also a very apparent value add strategy. Solely through improved leasing/management, and bringing below market rents to the current market, there’s an ability to achieve a cap rate of nearly 13%.