A
Seller's Agent in 2024
Aaron Sklar
Kiser Group Realty Inc
7363 S. Coles is an incredibly Beautiful (9) unit property located in Chicago's South Shore neighborhood. Right off of Lake Michigan and Rainbow Beach Park, the building sits within walking distance of an abundance of public transportation options. Additionally, for quick and convenient transportation, the asset is nearby to Chicago's Lake Shore Drive which provides tenants easy access to Chicago's downtown in roughly fifteen minutes. 7363 S. Coles is currently comprised of nine (9) spacious 2b/1ba units. All units feature hardwood flooring throughout as well as updated tiling and fixtures in the bathroom. Furthermore, additional improvements to the building consist of but are not limited to, updated electric, an updated and newly coated roof, and laundry available to all tenants. Given the location and quality of the units, there is an incredibly large demand for apartments such as these. 7363 S. Coles presents an investor with a unique opportunity to acquire a strong, positive cash-flowing building with an in-place cap rate of over 8.2%. Given the quality of the units coupled with the prime location, by releasing and increasing rents to levels already being achieved in the building, an investor could further improve cash returns.
Last Agent to Sell the Property
Aaron Sklar
Kiser Group Realty Inc License #475161507 Listed on: 02/21/2024
Co-Listed By
Noah Birk
Kiser Group Realty Inc License #475125864
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/13/2024 09/13/24 | Sold | $873,000 | -10.5% | -- |
| 06/21/2024 06/21/24 | Pending | -- | -- | -- |
| 02/21/2024 02/21/24 | For Sale | $975,000 | -- | -- |
A
Seller's Agent in 2024
Aaron Sklar
Kiser Group Realty Inc
N
Seller Co-Listing Agent in 2024
Noah Birk
Kiser Group Realty Inc
Buyer's Agent in 2024
Lavisse Smith
Oliveros Realty Company
(630) 404-7464
1 in this area
2 Total Sales
Source: Midwest Real Estate Data (MRED)
MLS Number: 11986316