6237-43 S. Spaulding Ave, Chicago, IL 60629

Kiser Group is pleased to exclusively offer for purchase 3259 W. 62nd Place, a Twelve (12) unit building in one of Chicago’s most desirable Southwest neighborhoods, Chicago Lawn. This property is situated just a block west of Kedzie & 63rd, providing easy access to popular retail attractions for tenants. Encompassed by an abundance of single-family homes, Chicago Lawn offers residents a suburban feel while still being in an urban environment. 3259 W. 62nd Place is conveniently comprised of Twelve (12) 2Bd/1Ba units. The units are incredibly appealing to potential tenants, creating comfort through spacious floor plans with both living and dining areas. In addition, recent unit updates create an attractive investment opportunity for the long-term life of the property. 3259 W. 62nd Place presents an investor a rare opportunity to acquire a property with upmost potential and very desirable unit mix. From day one, an investor will realize a cap rate of 10.58% and a cash return of 19.59%. Through improved leasing and raising rents to levels already being achieved, the building offers an investor the potential to reach a cap rate over 14% and nearly 36% cash return.