1534 E 65th Pl
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1534 E 65th Pl
6 Unit Apartment Building $500,000 ($83,333/Unit) 14.49% Cap Rate Chicago, IL 60637
Investment Highlights
- Six (6) 2Bd/1Ba Units
- Four (4) Blocks from Obama Presidential Library
- Value-Add Opportunity
- Separate Living & Dining Areas
- Individual Furnaces
Executive Summary
Kiser Group is pleased to exclusively present for purchase 1534 E 65th Pl, a six (6) unit walk-up building located in Chicago's historic East Woodlawn neighborhood. The property is located just blocks from the prestigious University of Chicago, and is situated right next to the developing Obama Presidential Library. 1534 E. 65th Pl is also conveniently located, providing easy access to Chicago's public transportation system, being less than a block away from the 63rd St. Metra stop.
1534 E. 65th Pl is comprised of six (6) 2Bd/1Ba. This property needs serious renovations providing a new owner with the opportunity to add tremendous value through renovations in the apartments. The property also includes a spacious three (3) car parking lot on the back of the property.
1534 E. 65th presents an investor with the rare opportunity of acquiring a true value add project in one of Chicago's most desirable neighborhoods. Through renovations and bringing 'down' units back up to speed, a new investor could achieve significant cash returns and double-digit cap rates.
1534 E. 65th Pl is comprised of six (6) 2Bd/1Ba. This property needs serious renovations providing a new owner with the opportunity to add tremendous value through renovations in the apartments. The property also includes a spacious three (3) car parking lot on the back of the property.
1534 E. 65th presents an investor with the rare opportunity of acquiring a true value add project in one of Chicago's most desirable neighborhoods. Through renovations and bringing 'down' units back up to speed, a new investor could achieve significant cash returns and double-digit cap rates.
Property Facts
| Price | $500,000 | Apartment Style | Low Rise |
| Price Per Unit | $83,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 14.49% | Building Size | 6,822 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment |
| Price | $500,000 |
| Price Per Unit | $83,333 |
| Sale Type | Investment |
| Cap Rate | 14.49% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,822 SF |
| No. Stories | 3 |
| Year Built | 1910 |
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Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 20-23-219-023-0000 | Improvements Assessment | $23,750 |
| Land Assessment | $6,250 | Total Assessment | $30,000 |
PROPERTY TAXES
Parcel Number
20-23-219-023-0000
Land Assessment
$6,250
Improvements Assessment
$23,750
Total Assessment
$30,000
zoning
| Zoning Code | RM-5 (Medium to high-density apartment buildings.) |
| RM-5 (Medium to high-density apartment buildings.) |
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Aaron Sklar -
Noah Birk -
Kiser Group
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1534 E 65th Pl
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