6348 S. Ada Street

For Sale

6348 S. Ada Street, Chicago, IL 60636

This Chicago property for sale is located at 6348 S. Ada Street. The current listed sale price for 6348 S. Ada Street is $975,000.

Contacts

broker

Noah Birk

Kiser Group

(773) 293-5090

Property Details

  • Property Type Multi-Family
  • Property Size 10,700 SF
  • Units 13
  • Year Renovated -1
  • Date Updated Jan 29, 2024
EnglewoodKiser Group is pleased to exclusively offer for purchase 6348 S. Ada, a thirteen (13) unit walk-up in the West Englewood neighborhood of Chicago's South Side. The building sits directly across from Ogden Park - a 60 acre space which boasts a pool, basketball and tennis courts, baseball diamond and a playground. Additionally, the building is ideally situated just four (4) blocks away from Ashland/63rd 'El' train station. 6348 S. Ada is comprised of five (5) 1b/1ba units and (8) 2b/1ba units. Seven (7) of these units have been recently renovated to include updated kitchens and baths with hardwood floors throughout. Additional improvements to the building consist of, but are not limited to, a new Peerless boiler, modern 100 gallon hot water tank, and updated electric with breaker boxes in unit. 6348 S. Ada presents an investor a unique opportunity of acquiring cash flowing building with a significant value-add component. At list price, the building performs at a 9.23% cap rate. However, solely by raising current rents to market rate levels by way of steady rent increases there is an opportunity to achieve a 10.95% cap rate.

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Highlights

  • Eight (8) 2Bd/1Ba & Five (5) 1Bd/1Ba
  • Brand New Peerless Boiler (2023)
  • Seven (7) Recently Renovated Units
  • Value-Add Opportunity
  • Significant Rental Upside

Getting around

  • 62/100

    Walk Score ®

  • 65/100

    Transit Score ®

  • 62/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood West Englewood
  • Zip Code 60636
  • Market Chicago

Points of Interest

  • Ashland/63rd

    0.29 miles

  • Halsted

    0.71 miles

  • 63rd

    1.42 miles

  • 69th

    1.79 miles

  • Garfield

    1.81 miles

  • King Drive

    2.20 miles

  • Western

    2.28 miles

  • Garfield

    2.37 miles

  • 79th

    2.55 miles

  • 51st

    2.63 miles

  • Citgo

    0.23 miles

  • Clark

    0.44 miles

  • Citgo

    0.53 miles

  • Marathon

    0.64 miles

  • Citgo

    0.65 miles

  • GoLo

    0.75 miles

  • Super Save

    0.81 miles

  • Food 4 Less

    0.82 miles

  • Citgo

    0.82 miles

  • Marathon

    0.91 miles

  • Ashland/63rd Park & Ride

    0.27 miles

  • Western Park & Ride

    2.29 miles

  • Garfield Park & Ride

    2.38 miles

  • Campus South Parking

    2.79 miles

  • Parkiing / Mat Mgmt

    2.81 miles

  • Medical Campus Parking Garage A

    2.84 miles

  • Medical Campus Parking Garage B

    2.89 miles

  • Kedzie Park & Ride

    3.07 miles

  • Campus North Parking Garage

    3.18 miles

  • Lexington Parking Lot

    3.22 miles

  • Best Motel

    2.23 miles

  • Empire Motel

    3.15 miles

  • New Budget Motel

    3.23 miles

  • The Study at the University of Chicago

    3.30 miles

  • East of the Ryan

    3.44 miles

  • Crossroads Hotel

    3.61 miles

  • Amber Inn Motel

    3.62 miles

  • Carlton Inn Midway

    3.74 miles

  • Sophy Hotel

    3.75 miles

  • Hyatt Place Chicago-South/University Medical Center

    3.91 miles

  • Go Green Community Fresh Market

    0.20 miles

  • Whole Foods Market

    0.64 miles

  • ALDI

    0.93 miles

  • ALDI

    1.33 miles

  • Walmart Neighborhood Market

    1.53 miles

  • Village Food Mart

    2.01 miles

  • Dearborn Wholesale Grocers

    2.03 miles

  • ALDI

    2.14 miles

  • Supermercado El Gurero

    2.14 miles

  • Shop-N-Save

    2.15 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.

Contact Listing Broker

broker

Noah Birk

Kiser Group

(773) 293-5090