CHICAGO, IL - Kiser Group, a leading real estate brokerage firm, is pleased to introduce 1301 S California Ave, an exceptional investment opportunity in the Douglass Park neighborhood. This remarkable property presents a great opportunity for investors in the heart of the Douglass Park neighborhood.
Elevating the concept of real estate investment, this listing opens the doors for investors to acquire a cutting-edge property with untapped potential, nestled in a prime location.
Comprising a total of 16 units, including 14 two-bedroom units, 1 one-bedroom unit, and 1 studio, the property has undergone extensive renovations in the current year. This strategic move aligns perfectly with the burgeoning market trend of escalating rents, making it an enticing proposition for those looking to invest. One of the standout features of this listing is the property's status as nearly new construction, while maintaining an attractive pricing structure that translates to a more compelling cap rate for the product type.
The Douglass Park and Pilsen neighborhoods have experienced a meteoric rise in appreciation. The ongoing development of Ogden Commons, with its emphasis on medical sector employment, is poised to inject further vitality into the area, inevitably driving both rents and property values to new heights.