6201 S Champlain Ave

6201 S Champlain Ave | Chicago, IL 60637

Kiser Group is pleased to exclusively offer for purchase 6201 S. Champlain, a rarely available twelve (12) unit building located just outside of Hyde Park in Chicago's West Woodlawn neighborhood. The property is situated on a quiet, residential block amongst new construction buildings, blocks away from the prestigious University of Chicago and the construction site of the future Obama Presidential Library. 6201 S. Champlain boasts a unique unit-mix, comprised of two (2) 2bd/1ba, four (4) 2Bd/2Ba, two (2) 3Bd/2Ba, one (1) 3Bd/2.5Ba, and three (3) 4Bd/2.5Ba units, with each of the four (4) first floor apartments being oversized, duplex down units. All units feature incredibly spacious layouts, with ten (10) units having been recently renovated to include updated hardwood flooring, kitchens, and baths. Each unit also includes individual furnaces, hot water tanks, and washer & dryers. Additional updates include but are not limited to: 100% copper plumbing, updated electrical service, a new silver coating on the roof (2021), and an abundance of cosmetic upgrades. 6201 S. Champlain presents an investor with the opportunity to acquire a rarely available and highly desirable building in one of Chicago's fastest growing neighborhoods. From day one, a new owner will benefit from an incredibly stable tenant base at an in-place cap rate of just over 9% and a cash-on-cash return of just under 14%.