5407-5409 S Indiana Ave
Chicago, IL 60615

Kiser Group is pleased to exclusively present for purchase 5407 S. Indiana, a six (6) unit and two (2) potential garden units, apartment building located in Chicago's Washington Park neighborhood. The building underwent a significant renovation in 2010 and consists of four (4) 3bd/1.5ba units, two (2) 4b/1.5ba units, and two (2) potential garden units. Currently, the garden units are non-conforming and in need of renovation, however, one of the two has already been studded and framed out. The property features spacious, updated units with hardwood flooring throughout along with newer windows, copper plumbing, individual furnaces, updated electrics and a newer roof. 5407 S. Indiana presents an investor a unique opportunity to purchase an appreciating, rehabbed asset with an in place cap rate of over 10%. Additionally, through improved leasing and management, there is an opportunity to achieve over a 12% cap rate along with over a 40% cash-on-cash return. Furthermore, significant value can also be added by bringing the 7th and 8th units back on-line, which would not only increase a new owners NOI, but further increase the value of the property.