iser Group is pleased to exclusively present for purchase 7200 S. Bennett, a twenty-eight (28) unit building located in Chicago's historic South Shore neighborhood. Situated in a premier location in one of Chicago's most rapidly appreciating neighborhoods, the asset is ideally located just blocks away from the Obama Presidential Library, Jackson Park, and Lake Michigan. 7200 S. Bennett is comprised of twenty-five (25) 2Bd/1Ba & three (3) 1Bd/1Ba units, all of which feature spacious floorplans with hardwood floors and varying degrees of cosmetic updates. Recent improvements to the buildings include, but are not limited to, modern Weil-McLain Boiler with R&D control system, updated kitchens & baths, newer porches, and an abundance of tuckpointing & masonry work. 7200 S. Bennett provides an investor with the unique opportunity to obtain a stabilized, cash-flowing asset in one of South Sides most appreciating neighborhoods. From day one, an investor will realize an in-place cap rate of 9.27% and a cash return of just over 14%. With new projects such as the Obama Presidential Library and the Thrive Exchange development, investors can anticipate an influx of vibrancy and appreciation to the neighborhood
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For more information about 7200 S Bennett, Chicago, IL 60649 contact Corcoran Urban Real Estate.
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