3054 North Major Avenue

3054 North Major Avenue | Chicago, IL 60634

Kiser Group is pleased to present 3054 N. Major Ave, a value-add 11-Unit apartment building in the heart of Chicago’s Belmont Cragin neighborhood. The Property consists of 8 legal units and 3 non-conforming garden units. The property features a unit mix of six (6) 2Bd/1Ba and five (5) 1Bd/1Ba units, offering spacious layouts with hardwood flooring. Building mechanicals include individual HVAC, separate water heaters, and a mix of galvanized and copper plumbing. Additionally, the property includes three garage parking spaces. 3054 N. Major Ave presents an investor with the opportunity to acquire a high-yield asset with a strong 9.13% cap rate from day one. With strategic updates and renovations, there is significant potential to increase rents by 20%.