7147 S Woodlawn AVE Chicago, IL 60619

- 9.03% In Place Cap Rate - Gross Income: $81,828 - NOI: $55,556.50 7147 S. Woodlawn is a meticulously maintained and professionally managed, center-entranced seven (7) unit apartment building located in the Grand Crossing neighborhood of Chicago's South Side. Nestled amongst an abundance of single family homes and tree lined streets, the building sits in the neighborhoods' highly desirable 'Pocket Town' community, just west of Jackson Park and due south of Woodlawn. 7147 S. Woodlawn has an incredibly desirable. There are currently six (6) above grade 2b/1ba apartment units, along with one (1) 1b/1ba garden level apartment. All of which, however, are incredibly spacious and feature hardwood flooring throughout. Additionally, all of the units have been recently renovated and feature updated kitchens and baths. Recent capital improvements to the building consist of, but not limited to, an updated roof along with a recent overlay, an updated and code compliant porch system, masonry and tuckpointing, along with interior and common area updates. 7147 S. Woodlawn presents an investor with the unique opportunity to acquire a stabilized, cash flowing asset. From day one, an investor will realize an in place cap rate over 9% and a cash return of roughly 20%. Furthermore, by increasing rents to levels already being achieved in the building and surrounding area, an investor has the ability to achieve a cap rate over 10.5% and a cash return of nearly 26%.