1534 East 65th Place Chicago, IL 60637
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 1534 East 65th Place
- Property type
- Residential income homes
- Property subtype
- Residential income properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- State
- Illinois
- Longitude
- -87.5864
- Latitude
- 41.7761
