$500,000

7650 S. Eggleston is an eight (8) unit walk-up building located in the Greater Grand Crossing neighborhood of Chicago's South Side. The property sits on a quiet, tree lined street one (1) block from Auburn Park and Winneconna Parkway, which boasts Venetian style canals overlooking beautiful lagoons and stone bridges. 7650 S. Eggleston truly has a unique unit mix that can be tailored to all renters. Of the eight (8) units, the building is comprised of two (2) 2b/1ba units, four (4) 1b/1ba units, and two (2) 0b/1ba studio units. All of which, however, are spacious and have been meticulously maintained. Additionally, all of the units boasts hardwood flooring throughout and updated kitchens with granite countertops along with Juliette balconies. Recent improvements to the building consist of, but not limited to: a newer 800 Amp electric service, individual in-unit HVAC furnaces, updated copper plumbing, newer windows, as well as steel rear porch. 7650 S. Eggleston provides an investor with the opportunity to acquire a cash flowing asset with an in place cap rate of 10.01%. Simply by raising rents and occupying the building to maximum efficiency, an investor can realize a cap rate of nearly 11.7% and cash return over 25%.