7931 S Manistee Ave, Chicago, IL 60617

Email for Offering Memorandum and showings. Gross Scheduled Income: $114,660 Net Operating Income: $61,665 GRM: 5.6 CAP Rate: 9.6% Cash-on-Cash Return (yr 1): 12.88% Total Return (yr 1): 35.70% Located in the South Chicago neighborhood, the building has 7-units, all consisting of 3 bedrooms and 1 bathroom. The backyard is fully fenced, with 4 parking spaces available if new owner wants to open the fence. The building has been well maintained over the last 7 years of ownership, setting things up like two washers and dryers and storage units for all apartments in the basement, as well as a private storage for owner. The 7 units all consist of 3 bedrooms and 1 bathroom with dining room and large living rooms with faux fireplaces and lots of natural light. 2 units have been fully renovated with new kitchens, 5 of 7 have their hardwood floor completely refinished, and various units have refurbished stainless steel appliances and new bathroom vanities.