6949 S Green St.

9.4% In-Place Cap Rate - Gross Income (w/ 5% Vacancy): $86,400 - NOI: $51,719 The CARE Group is pleased to exclusively offer for purchase the sale of 6949 S Green, incredibly spacious six (6) unit walk-up building located in the Greater Grand Crossing neighborhood of Chicago's South Side. The building sits on an quiet, tree-lined street nestled amongst an abundance of single family homes and brick duplexes and just a couple blocks west of the neighborhood's Hamilton Park - one of Chicago's premier parks featuring a swimming pool, baseball diamonds, basketball and tennis courts, and more. Additionally, the building sits in a federally recognized opportunity zone. 6949 S Green has an incredibly desirable unit mix comprised solely of spacious three bedroom units. All boast an abundance of natural light, and feature hardwood flooring throughout. 6949 S Green presents an investor a unique opportunity of acquiring a positive, cash flowing asset with an in place cap rate of nearly 10% along with incredibly minimal expenses. Furthermore, at the current market levels, the asset yields an immediate cash return approaching 20%. Additionally, the deal also presents an incredible value add component. Currently, identical units in the area are renting from $1,200 to $1,350. Solely by stabilizing the rent roll to consistent levels throughout, there is an opportunity to significantly increase yield.