34 S 18th Avenue Maywood, IL 60153

- 8.73% In-Place Cap Rate - Gross Income (w/ 5% vacancy): $46,370 Kiser Group is pleased to exclusively offer for purchase the sale of 34 S. 18th, a (6) unit walkup located in historic Maywood. The property sits on a quiet, tree lined street just one (1) block from the Illinois Metra train station at Melrose Park, which provides tenants an easy commute to Chicago's downtown (roughly 20 minutes.) 34 S. 18th is comprised of two (2) 2bd/1ba units and four (4) 1bd/1ba units. All of the units have been renovated and equipped with updated kitchens and baths. Furthermore, the building boasts new windows, newer roof, and individual baseboard heating. Additionally, the property includes a parking lot, that supplies the tenants with an abundance of available parking. 34 S. 18th provides an investor with a unique opportunity to acquire a stabilized and strong cash flowing asset in the desirable suburb of Maywood. From day one, a new owner will capitalize on an incredibly strong and long term tenant base, and will realize an in place cap rate of 8.73% and a cash return of 17.74%. Through improved leasing, management, and raising rents to market rate, an investor has the opportunity achieve a cap rate of 10.83% and a cash return of 26.14%.