5019 W Maypole Avenue

Chicago, Illinois 60644

Kiser Group is pleased to exclusively offer for purchase 5019 W. Maypole, a seven (7) unit walk-up located in Chicago's historic Austin neighborhood. The property sits on a quiet, tree lined street just three (3) blocks from Chicago's CTA Green Line Laramie stop. Additionally, the property also sits three (3) blocks away from Madison St. and Cicero Ave, which both feature an abundance of public transit and retail options. 5019 W. Maypole is comprised of four (4) 1bd/1ba units and three (3) 2bd/1ba units. All of the units are spacious featuring a large living room in the front and a formal dining room, both of which can be used or converted to an additional bedroom. Furthermore, all of the units feature updated kitchens and baths, and original hardwood flooring throughout. Recent capital improvements to the building consist of, but not limited to: a new porch (2019), new windows, newer furnaces, as well as, updated copper plumbing as needed. Furthermore, there is a two (2) car garage which can be used to generate additional income, as well as a laundry facility containing washers and dryers in the basement. 5019 W. Maypole presents an investor a unique opportunity to acquire a stabilized, strong cash flowing property in Chicago's desirable pocket of Austin. A new investor will realize an in-place cap rate of 8.21% and a cash-on-cash return of 16.75%. Additionally, solely through improved leasing, management and bringing current rents to market rate levels, a new investor can realize a cap rate of 9.63% and a cash-on-cash return of 23.82%.