7200 South Bennett AvenueChicago, IL 60649Price: $2,530,000

  • Price: $2,530,000
  • 15 Days on Market
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Federal 30-year interest rate: 6.77% last updated on Feb 15, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1922Year Built

Listing Tools

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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Listed by Aaron Sklar and Noah Birk of Kiser Group Realty Inc

Based on information submitted to MRED  as of February 21, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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