4526 S Calumet AVE Chicago, IL 60653

-7.8% Cap Rate -NOI: $77,944 -Gross Income: $102,141 (w/ 5% vacancy) 4526 S. Calumet is a tastefully redesigned and meticulously gut renovated six (6) unit, center-entranced walk up located in Chicago's booming Bronzeville neighborhood. Situated on an incredibly desirable block nestled among new construction town homes, renters are attracted to its condo quality finishes and proximity to an abundance of shopping and retail that Hyde Park, Kenwood, and the Bronzeville neighborhood have to offer. 4526 S. Calumet has an incredibly desirable unit composition comprised of three (3) 2Bd/2Ba units, along with three (3) 3Bd/1Ba units. While completely gut renovated in the last year, each unit boasts desirable, open floorplans with condo quality finishes including quartz countertops, stainless steel appliances and dishwashers, in-unit laundry, along with recessed lighting. In addition to its cosmetic finishes, the building also features high efficiency individual HVAC and hot water tanks, a new roof, updated copper plumbing, and an exterior steel porch. 4526 S. Calumet offers an investor the unique opportunity to acquire a cash flowing asset in one of the South Side's most sought after and developing neighborhoods. From day one, an investor will realize an in-place cap rate of 7.8% and a cash return of nearly 17.5%. Furthermore, through improved leasing and increasing rents to current market levels, an investor could achieve a cap rate of nearly 9.7%.