Contacts

Noah Birk

Kiser Group

(773) 293-5090

Property Details

Property Type Multi-Family
Property Size 5,400 SF
Units 6
Additional Rent Contact for pricing
Date Updated Jan 29, 2024

PullmanKiser Group is pleased to exclusively offer for purchase 400 E. 109th, a six (6) unit walk-up located in Chicago’s historic Pullman neighborhood. The building sits on the corner of a quiet, tree-lined street across from the premier Gwendolyn Brooks College Preparatory campus and two (2) blocks north of Palmer Park, which features sporting facilities, a fitness center, and an outdoor swimming pool. 400 E. 109th St has an incredibly desirable unit mix comprised of five (5) 2bd/1ba units and one (1) 1b/1ba garden apartment. Each unit features hardwood floors and spacious floorplans with an over-sized great room and a large eat-in kitchen. Recent improvements to the building include, but are not limited to: copper plumbing, updated electric, and with an abundance of masonry and tuckpointing. The building also features onsite laundry facilities as well as five (5) parking spaces in the rear. 400 E. 109th St. presents an investor with a unique opportunity to acquire an incredibly strong, positive cash flowing asset with an in place cap rate of over 9%. Furthermore, solely through light apartment upgrades, and bringing the rents to levels already being achieved, a new owner has the ability to achieve a cap rate of over 10% and a cash return over 18.37%.

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Highlights

Desirable Unit Mix: Five (5) 2BD/1BA & One (1) 1BD/1BA
100% Occupied
Spacious Floorplans
100% Copper Plumbing

Getting around

57/100
Walk Score ®
62/100
Transit Score ®
66/100
Bike Score ®

Powered by Walk Score ®

Location

City Chicago, IL
Neighborhood Roseland
Zip Code 60628
Market Chicago

Points of Interest

95th/Dan Ryan

1.83 miles
West Pullman

2.16 miles
107th Street (Beverly Hills)

2.92 miles
103rd Street (Beverly Hills)

2.95 miles
111th Street (Morgan Park)

2.97 miles
99th Street (Beverly Hills)

3.03 miles
115th Street (Morgan Park)

3.10 miles
Gresham

3.21 miles
Brainerd

3.41 miles
Riverdale

3.57 miles

Pullman Citgo

0.48 miles
Marathon

0.59 miles
Super Save

0.60 miles
Shell

0.68 miles
Marathon

0.76 miles
Citgo

0.84 miles
Mobil

1.09 miles
Citgo

1.49 miles
GoLo

1.52 miles
Mobil

1.69 miles

City of Chicago Auto Pound

1.52 miles
Auto Warehousing Company

3.02 miles
93rd (South Chicago)

3.99 miles
Hegewisch NICTD #1

4.91 miles
Car Parking

4.97 miles
Blue Island Park & Ride

4.98 miles
Hegewisch Accessible Parking

5.11 miles
Hegewisch Park & Ride

5.12 miles
Lot 10

5.13 miles
Lot 7

5.16 miles

Royal Motel

0.94 miles
Admiral Motel

2.26 miles
Skyway Motel

2.62 miles
Beverly Motel & Suites

2.67 miles
Plaza Inn

3.47 miles
Days Inn Calumet Park

3.50 miles
New Budget Motel

3.51 miles
Knights Inn Calumet Park

3.52 miles
South Shore Motel

3.80 miles
Empire Motel

4.14 miles

Walmart Supercenter

0.73 miles
Ross

0.79 miles
Farmfoods

0.80 miles
Save-A-Lot

1.54 miles
ALDI

1.79 miles
Jewel-Osco

2.27 miles
dd's Discounts

2.31 miles
Jewel-Osco

2.77 miles
dd's Discounts

2.77 miles
South Deering Food Mart

2.79 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.

Map of Property

400 E. 109th Street