This 19-unit building located at 9300 S. Bishop is in the heart of Washington Heights which has seen vast redevelopments in recent years, including one of the largest single family home developments in the city, The Renaissance at Beverly Ridge. The property is comprised of three two-bedroom, one-bath units (875 SF), 13 one-bedroom, one-bath units (715 SF) and three studios (500 SF). Each unit has updated kitchens with new appliances and cabinetry and refurbished bathrooms. The building also has new windows, boiler, hot water heater and porches.
“This cash flowing asset performs exceptionally well and will require little to no improvements for the new owner,” said Kiser Group Broker Noah Birk who represented the list and buy side in the transaction. “This is a rare opportunity to own a beautifully maintained building in a newly changing South Side neighborhood.”
This exclusive Kiser Group listing sold for $710,000 on October 2, 2015.
Closing Date: 10/02/2015View Additional Details
9300 S. Bishop St Chicago
Chicago, IL 60620
Closing Date: 10/02/2015
Located in Chicago’s Irving Park neighborhood, 3821 N. Monticello is situated on a quiet, one-way residential street surrounded primarily by single-family homes and two-flats. Nine of the ten units have two bedrooms and one bathroom and newly renovated kitchens with stainless steel appliances, granite and maple cabinets. A tenth one-bedroom, one-bath garden unit was recently added to utilize excess space in the basement. All of the units have separate furnaces and the tenants pay their own utilities.
The property is exactly a half mile from 90/94 and the Irving Park Blue Line. Independence Park is just a five minute walk as is Irving Park Road which provides a plethora of food and shopping options.
“Many of the tenants have been in the building long term and the rents have not kept pace with the current market which should provide additional upside for the buyer,” said Matt Jones of Kiser Group who represented the seller in this exclusive Kiser Group listing. Chicagoland Brokers Inc. represented the buyer in this $1,450,000 sale on October 19, 2015.
Closing Date: 10/19/2015View Additional Details