Contacts

Jack Petrando

Kiser Group

(773) 293-5086

Property Details

Property Type Multi-Family
Property Size 6,150 SF
Units 6
Date Updated Apr 16, 2024

LawndaleKiser Group is pleased to exclusively present for purchase 1143 S. Saint Louis Ave, a six (6) unit walk up building in the hearth of Chicago's North Lawndale neighborhood. The building is located just a few blocks West of Douglass Park and one block North of an abundance of bust stops, restaurants, and shops along Roosevelt Rd. 1143 S. Saint Louis presents a desirable unit mix of three (3) 3BD/1BA and three (3) 2BD/1BA units. Each unit is equipped with its own individual water heater and furnace that were installed in 2017. Recent improvements to the building include but are not limited to: copper plumbing, newer electric servicing, updated LVP flooring, renovated kitchens and baths with newer appliances and fixtures. 1143 S. Saint Louis presents investors with an opportunity to obtain a fully-occupied, stabilized asset in a rapidly appreciating market. From day one, a new owner will realize a cap rate of 9% and cash returns exceeding 12%. Simply by raising rents to rates already being attained throughout the building, a new owner can realize a cap rate of nearly 11% and cash returns approaching 20%.

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Highlights

Desirable Unit Mix: Three (3) 3BD/1BA & Three (3) 2BD/1BA
In-Unit Furnaces
In-Unit Water Heaters
Updated Copper Plumbing
Renovated Kitchens & Baths

Getting around

82/100
Walk Score ®
66/100
Transit Score ®
68/100
Bike Score ®

Powered by Walk Score ®

City Chicago, IL
Neighborhood Homan Square
Zip Code 60624
Market Chicago

Points of Interest

Kedzie-Homan

0.55 miles
Central Park

0.90 miles
Pulaski

0.92 miles
Kedzie

0.95 miles
Pulaski

1.08 miles
Kedzie

1.25 miles
California

1.27 miles
Conservatory-Central Park Drive

1.27 miles
Western

1.37 miles
Kostner

1.39 miles

GoLo

0.34 miles
BP

0.41 miles
Citgo

0.46 miles
BP

0.56 miles
Shell

0.62 miles
Citgo

0.84 miles
Marathon

0.87 miles
Falcon

1.07 miles
Exxon

1.09 miles
Amoco

1.17 miles

Overflow Parking

1.60 miles
Lot W5

1.72 miles
City of Chicago Auto Pound #6

1.90 miles
Lot A4

1.92 miles
Lot A3

1.94 miles
Lot B2

1.98 miles
Lot C4

1.99 miles
Lot B4

2.03 miles
f

2.06 miles
Wood Street Parking Structure (WSPS)

2.08 miles

Shamrock Motel

1.68 miles
Karavan Motel

1.77 miles
Hyatt Place Chicago - Medical / University District

2.08 miles
Hyatt House Chicago - Medical / University District

2.15 miles
Hotel Chicago West Loop

2.43 miles
Marriott at Medical District/UIC

2.44 miles
Cindy Lyn Motel

2.60 miles
Hyatt House

3.17 miles
Holiday Jones

3.29 miles
Alexandra's place

3.30 miles

Freshway Market

0.28 miles
Save-A-Lot

0.88 miles
Pete's Fresh Market

1.53 miles
Supermercado La Chiquita

1.58 miles
Cermak Fresh Market

1.61 miles
Walmart Neighborhood Market

1.63 miles
Workshop Apothecary

1.66 miles
Pete's Fresh Market

1.68 miles
Little Village Discount Mall

1.70 miles
Fairplay Foods

1.71 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

1143 South Saint Louis Avenue