8103 S. Luella, Chicago, IL 60617 · 2017. 12. 20. · Median Age 39.2 37.6 37.0 Median Age (Male)...

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FOR MORE INFORMATION, PLEASE CONTACT: Kiser Group | P: 773.293.5000 | info@kisergroup.com 1628 W. Montrose Ave. Chicago, IL 60613 Tel: (773) 293-5000 Fax: (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 building located 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 and new drywall throughout. The building was recently rehabbed, and recent improvements to the building consist of, but not 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 of over 35%. Additionally, a new investor could even increase returns by installing laundry in the basement and monetizing 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 Shore 8103 S. Luella, Chicago, IL 60617

Transcript of 8103 S. Luella, Chicago, IL 60617 · 2017. 12. 20. · Median Age 39.2 37.6 37.0 Median Age (Male)...

Page 1: 8103 S. Luella, Chicago, IL 60617 · 2017. 12. 20. · 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

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

Page 2: 8103 S. Luella, Chicago, IL 60617 · 2017. 12. 20. · 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

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

Page 3: 8103 S. Luella, Chicago, IL 60617 · 2017. 12. 20. · 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

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

Page 4: 8103 S. Luella, Chicago, IL 60617 · 2017. 12. 20. · 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

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